According to SMM, there is no obvious change in the Liaodong market, a

Published: Oct 18, 2023 18:09

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According to SMM, there is no obvious change in the Liaodong market, and there are still low prices in some areas. The rise of iron ore futures and Platts index has boosted the mentality of the selection plant, and domestic ore has advantages. The willingness of ore selection end to bid is strong, and the market transaction is cold. Due to the obstruction of purchasing, local steel mills have to raise the price by 10 yuan/ton out of helplessness. Considering the strong subjective price reduction willingness of the dominant steel enterprises, there is a risk of adjustment in the middle of the month. Generally speaking, the sentiment and macro-favorable are good, but the price reduction willingness of steel mills is still strong. It is expected that Liaodong area will be generally stable in the short term, and there will be a small upward space in some local areas.

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