At present, downstream enterprises purchasing 304 stainless steel belt are under great financial pressure, and low-price inquiries are common. However, most manufacturers are reluctant to ship at low prices, so buyers and sellers are not enthusiastic about transactions. The transaction in the raw material tungsten concentrate market has not improved, but miners are more optimistic about the market outlook and have a strong wait-and-see attitude. Some miners with less capital pressure still receive goods in the market and purchase low-volume tungsten concentrates, waiting for the tungsten concentrate market to improve. Downstream tungsten smelting companies have little purchasing demand and appear to be more cautious in purchasing. It is expected that the domestic tungsten market will consolidate in the near future. The domestic pig iron market is mostly stable and the transaction situation is average. The quotation of steel-making pig iron was stable, and the transaction was relatively light. It is understood that some iron plants indicated that the downstream purchases of current steel-making pig iron are cautious, the demand is not much, and the transactions are mostly based on a single negotiation. The cast iron market has a strong wait-and-see atmosphere. Foundry plants are not very enthusiastic about purchasing cast iron, so downstream orders have begun to decrease, which is difficult to form strong support for the cast iron market. It is understood that the suspension and reduction of production in iron foundries are common, and there are not many spot resources in the market. According to the iron factory, the raw material market has been steadily rising recently, which has provided strong support to the pig iron market, but the downstream demand has not improved significantly, so the price has temporarily stabilized. To sum up, it is expected that the domestic pig iron market will remain stable in the future. The transaction was fair, and due to this impact, the transaction of direct-issuing resources from steel mills was not so bad. In the morning, the price of small narrow strip steel continued to rise by 30 yuan. Due to limited resources, 304 stainless steel strips rose and sold smoothly. Most manufacturers sold their daily output before noon. The resources of profile materials rose continuously by 20-40 yuan. Slowing down, but the market mentality is still relatively positive; building materials rose by 10-20 yuan, and shipments were weak. Affected by the activity of the small and narrow strip steel market, the billet manufacturers are willing to rise strongly, and in the afternoon, the billet in Tangshan rises by 20 yuan. It is understood that as the price of billet continues to rise, the loss of steel mills is gradually alleviated. Some well-operated billet manufacturers even have a small profit margin, and the mentality of the manufacturers is generally positive. In addition, the price of raw materials has continued to rise recently, and the Platts 62% imported ore index is 57.25, which brings certain cost support to the billet. Although there is no significant increase in terminal demand for the time being, comprehensive consideration suggests that billet prices may still fluctuate upwards in the short term.
Today, the iron ore market rose slightly, and the transaction was fair. In the context of the large-scale rise in the steel market, the iron ore market is showing a rising trend, the spot price of 304 stainless steel strip has risen slightly, and the derivatives market has also been showing a rising trend. Recently, domestic iron and steel enterprises have been affected by the "event", and iron and steel enterprises in Hebei, Tianjin and other places have successively introduced blast furnace production restriction policies. As a result, the probability of later increase in steel prices has become more prominent. When this rise, the iron ore market has shown a "technical nature". "The enthusiasm for the increase, on the surface, the demand situation is shrinking while the price is still rising, which shows that there are corresponding countermeasures in the supply link. As the ceremony approaches, 20G seamless steel pipe companies have further strengthened their efforts to restrict production, and the amount of iron ore may shrink further, and the forward spot price of imported ore is once again approaching the $60 mark, making it difficult to break through. For this reason, the iron ore market is expected to have limited growth and gradually return to a stable state. The price of coke has improved slightly recently. The main role of coal injection is to replace some of the coke, thereby saving ironmaking costs. The rise of coke has provided favorable support for the coal injection market, and coal enterprises have increased their confidence in the later market. Although the willingness of some steel companies to replenish inventories has increased recently, the overall purchasing enthusiasm is still not high. It is expected that the domestic 304 stainless steel strip market will continue to operate steadily in the short term.