Publicado: Mar 20, 2024 07:40
Summary of the SMM Steel Morning Meeting: The Sixth Round of Coke Price Increase Begins, Continuously Declining Coke Prices. The bleak situation in the market for iron powder in western Liaoning continues, with the local 66-grade wet-based ex-factory price excluding tax at 700-710 yuan/ton. Buyers and sellers are mainly adopting a wait-and-see attitude, and the purchasing power of the local leading steel mills is weak, exerting strong pressure on the raw material market, resulting in extremely narrow operating space for the material yards and traders. Although the foreign futures market rebounded significantly yesterday, the market still has concerns for the future, leading to reluctance to make purchases. However, there is no intention to sell ore, making transactions at this price difficult. The current weak supply and demand situation in western Liaoning is evident, and prices in some areas are expected to fluctuate in the near future due to the impact of pressure from steel mills.

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Summary of the SMM Steel Morning Meeting: The Sixth Round of Coke Pric - Shanghai Metals Market (SMM)