The import ore market fluctuated slightly last week, and the spot price of port still fell. At the beginning of the week, the forward spot price of imported ore fell below US $90, and then rebounded, and it was up all week. However, it is difficult to improve the spot price of import ore port. In order to alleviate the pressure of capital, some businesses sell at low prices, so the overall price is still reduced. Domestic pig iron market as a whole weak and stable, Yicheng area down between 20-40 yuan (ton price, the same below), the transaction is general. The price of imported raw materials generally fell, with a significant decline. The coke market is still weak and stable, which is insufficient to support the pig iron market. The steelmaking pig iron market has been stable for the time being this week, while the downstream billet market has continued to decline. The purchase price of steel mills has continued to fall. Traders' willingness to operate is low, and most iron mills are in a loss state. The casting pig iron market is weak in some areas, and the market demand in the South has improved, but the transaction price is still very low, and the iron mills are unable to raise the price, so the profit margin is very small. Comprehensive consideration, it is expected that the domestic pig iron market will hardly improve next week, and some regions may continue to decline.
The domestic coke market continues to be stable, and the fine drawn tube market transaction situation is relatively light, and the fine drawn pipe market atmosphere is slightly pessimistic. In recent two weeks, the price of precision drawing tube continued to be weak and stable for a long time, and the market price in some regions remained low, resulting in poor shipment. At present, the operating rate of coking enterprises in various regions has increased slightly. Although the coke inventory has a downward trend, the market supply pressure is still large, and the steel mills are restricted by various negative factors, and the consumption of raw materials inventory is more slow. Affected by this, the price of coking plants is slightly weak, and the coke market support power is insufficient in the short term. Comprehensive consideration, it is expected that the domestic coke market will still be dominated by a weak pattern next week, and the price may decline. This week, the coke market in North China remained stable, and there was no significant change in market transactions. Considering that the current steel market is in a weak state, coupled with the accelerated downward trend of iron ore prices and the intensification of coke pressure, steel mills have said that in the short term, it is difficult to rise or fall due to stable wait-and-see. However, with the end of this round of procurement bidding for steel mills, the market demand performance is gradually cold, and the market operation pressure continues to increase. All vanadium companies are pessimistic about the future market, and the quotation is mostly maintained at a low level. It is expected that the domestic ferrovanadium market will remain at a low level in the near future. During the week, although some parts of the domestic ore market fell, the overall price was at a low point, and the power to continue to reduce was weakened. Therefore, the reduction range was limited. Most manufacturers were mainly on the wait-and-see manner, without obvious operation. Import ore market has been hit frequently. On the one hand, iron ore futures of Dasheng fell to a new low