Publicado: Nov 16, 2023 07:45
SMM Steel Morning Meeting Summary: Short-term Coke Market May Run Strongly. Recently, the price of iron powder in Chengde, Hebei has been rising. The tax-included ex-factory price of 65-grade vanadium-titanium powder is 1130-1140 yuan/ton. There are many re-production mines in the local area and the resources are relatively abundant. According to SMM, due to the recent high price increase, the local material yard and traders have slowed down their purchasing speed recently, and the local mine selection end inventory has accumulated. The profits of steel mills have improved recently, but considering the rapid increase in raw material prices, the willingness to purchase at a lower price is still strong, and they still mainly purchase on demand, with low inventory days. Market players are expected to oscillate at a high level in the near future.

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SMM Steel Morning Meeting Summary: Short-term Coke Market May Run Stro - Shanghai Metals Market (SMM)