Publicado: Sep 19, 2023 07:45
Summary of SMM Steel Morning Meeting: Low Risk of Structural Price Drop and Limited Space. Shandong mainstream mine concentrate price increased by 34 yuan/ton, and the current alkaline powder dry base ex-mine price of Luzhong 64 grade without tax acceptance is 1017 yuan/ton. The dominant mine has resumed normal production and resources have begun to be sold externally, but steel mills are still under pressure to take goods. The price in Zaozhuang area continues to remain high, and traders' enthusiasm for taking goods is not strong, only a small number of purchases with orders, and almost no transactions. In general, the tight resource situation still exists, and under the condition of no repair of steel mills, there is rigid demand for iron powder. However, considering that the local ore selection price has already approached the annual high recently, and the external market trend is volatile, it is expected that the local price will be volatile this week.

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Summary of SMM Steel Morning Meeting: Low Risk of Structural Price Dro - Shanghai Metals Market (SMM)