[SMM 철강]

[SMM Steel] Market feedback indicates that for Q235B HRC with specifications of 3.5*1250*C, the FOB selling price is $490/mt, with the port of shipment being Jingtang Port.

Today, HRC futures consolidated slightly higher, with the most-traded HC2701 contract closing at 3,242 yuan/mt, up 0.03% for the day. Spot market prices were mostly stable, with intraday trading on the weak side. According to SMM's weekly HRC balance data released today, HRC production continued to pull back, with weekly production at 3.1631 million mt. On the inventory side, HRC social inventory across 86 warehouses nationwide (large sample) tracked by SMM stood at 5.0271 million mt, down 38,400 mt WoW, or -0.76% WoW, and up 17.25% YoY on the new calendar basis. By region, all markets saw slight inventory declines except east China, which posted a small inventory buildup. Post-holiday purchasing pace among traders warmed up again, with mill inventories down 22,800 mt over the same period, and total inventory shifted from an increase to a decrease. Demand recovery was notable, up 356,300 mt WoW. On the cost side, the second round of coke price cuts has been implemented, and the market currently expects around three rounds of cuts in total, weakening cost support somewhat. Overall, HRC prices are expected to remain in the doldrums in the near term under pressure from high inventory.

센티넬라 정광은 2026년 3분기에 몰리브데넘 함유량 기준 900미터톤을 생산하여 전 분기 대비 12.5% 증가했으나, 9개월 누적 생산량은 2,300미터톤으로 전년 동기 대비 11.5% 감소했다. 몰리브데넘 품위는 0.014%에서 0.016%로 상승했고, 회수율은 76.8%에서 79.1%로 개선되었다. 동 정광 생산량이 4.7% 감소했음에도 불구하고 몰리브데넘 판매량은 14.3% 증가한 800미터톤을 기록했다. 이 수치는 직접 고용 근로자의 약 20%를 대표하는 노조가 참여한 분기 이후 파업 이전의 것이며, 몰리브데넘 손실량은 아직 산정되지 않았다. 생산량은 안토파가스타의 지분 70% 귀속분이나 실제 정광 중량이 아닌 광산 100% 기준이다.