Imported Iron Ore Price To Fluctuate Under Downward Pressure

게시됨: Oct 18, 2023 16:53

출처: SMM

저장

The most-traded DCE I2401 iron ore contract closed down 0.4% at 861 yuan/mt today.

SHANGHAI, Oct 18(SMM) – The most-traded DCE I2401 iron ore contract closed down 0.4% at 861 yuan/mt today. Iron ore traders’ shipment enthusiasm was average, and some were cautiously waiting. The overall market transaction atmosphere today was sluggish. Transaction prices of PB fines in Shandong were concentrated in the range of 929-940 yuan/mt, down 5-15 yuan/mt compared with yesterday, prices in Tangshan area were 950-960 yuan/mt, 0-10 yuan/mt lower than yesterday’s prices. The real estate data released today was still weak, demand for finished steel was poor, and market sentiment weakened. However, in terms of fundamentals, the shipment volume of mainstream mines in the third quarter remained relatively stable. Although blast furnace maintenance increased, pig iron production was still high. With low port inventories, ore prices dropped less than finished steel prices. Considering that steel mills’ losses worsened due to rising prices of raw materials, their willingness to overhaul blast furnaces was promoted, while purchase motivation for spot ores was diminished. Imported ore prices are expected to fluctuate under downward pressure.

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1분 전

[SMM Steel] Tightening Quotas and Supply Concerns Push EU HRC and Plate Prices Higher

[SMM Steel] Tightening Quotas and Supply Concerns Push EU HRC and Plate Prices Higher

[European Union] The NW Europe HRC daily index stood at around 833 USD/tonne EXW (721.75 EUR), while the Italian market edged up by roughly 0.3 USD/tonne to 830 USD/tonne EXW (719.50 EUR). The northern delivered index increased by about 23 USD/tonne to 923 USD/tonne delivered (800 EUR), while southern Europe rose to 934 USD/tonne delivered (810 EUR). Italian service centres were offering 946-957 USD/tonne delivered (820-830 EUR), although 850 EUR remained difficult to achieve, with transactions generally reported within the 923-957 USD/tonne range. In the spot market, an Italian supplier offered 830-842 USD/tonne delivered (720-730 EUR), while a European trader quoted 865-888 USD/tonne to Italy (750-770 EUR). A small lot was also heard at 825 USD/tonne EXW (715 EUR) for late-September delivery. A northern European integrated mill offered October material at 842 USD/tonne delivered (730 EUR), while buyers reportedly secured material at 854-877 USD/tonne delivered. In plate, Italy’s biweekly S235 assessment fell by 5 EUR to 802 USD/tonne EXW (695 EUR), while NW European S235 remained unchanged at 888 USD/tonne EXW (770 EUR). Italian re-rollers concluded S275 deals at 796-807 USD/tonne EXW (690-700 EUR), while German S355 was offered at 819-842 USD/tonne delivered. A Czech mill quoted S355 at 934 USD/tonne delivered to the Ruhr and 957 USD/tonne delivered to the Baltic region, while Danish re-rolled material was at 900-923 USD/tonne EXW. On the import side, Indonesian offers stood at 888-900 USD/tonne DDP to Spain and Portugal and 820 USD/tonne CFR for S275 to Italy, although buying interest was limited. Indian S275 was offered at around 720 USD/tonne CFR to Europe. As of July 24, 47% of the EU quota had been used, with fourth-quarter utilisation expected at 40%-50%.

1분 전

2분 전

[SMM Steel] Export Pressure Intensifies Domestic Competition; Turkey Flats Weaken as Cold-Sector Trends Diverge

[SMM Steel] Export Pressure Intensifies Domestic Competition; Turkey Flats Weaken as Cold-Sector Trends Diverge

[Turkey] Domestic HRC prices fell by 5 USD/tonne to 580 USD/tonne EXW, while export offers also declined by 5 USD/tonne to 570 USD/tonne FOB. Imported S235 remained unchanged at 530 USD/tonne CFR. Southern mills were generally offering around 580 USD/tonne EXW, while northern mills were closer to 590 USD/tonne EXW, with large-volume deals negotiable at 580. Some mills opened at 595-600 USD/tonne EXW, while a few quoted as high as 605-610, supported by planned September maintenance and regular exports to the US. A recent 30,000-tonne sale to Italy was concluded at 570 USD/tonne FOB for October shipment. On the import side, Chinese Q195 was quoted at 535-540 USD/tonne CFR, while one major mill offered 50,000 tonnes at 550 USD/tonne CFR. Malaysian material was available at 580 USD/tonne CFR. In the coated and cold-rolled segment, domestic HDG remained at 755 USD/tonne EXW and export offers at 725 USD/tonne FOB. CRC export prices rose by 5 USD/tonne to 665 USD/tonne FOB, while domestic prices fell by 5 USD/tonne to 680 USD/tonne EXW, with large orders heard at 670. Short-lead export material was offered at around 690 USD/tonne FOB, while longer-lead offers ranged from 660-680. HDG Z100 0.5 mm was quoted at 750-780 USD/tonne EXW domestically and 720-730 USD/tonne FOB for export.

[SMM Steel] 시장 피드백에 따르면 9월 선적분 Q235B 열연코일(HRC) 3.0*1250*C 규격의 FOB 판매 가격은 톤당 483달러이며, 선적항은 징탕항입니다.

3분 전