Xuzhou area nodular cast iron manhole cover price declines cause weaker merchant mentality
Today, the domestic ductile iron manhole cover market fluctuated downward, and the market turnover was not good. It is understood that after the centralized replenishment of the downstream market in Xuzhou area, the demand for cast pig iron has been reduced, which has resulted in poor shipments from the iron plants and accumulated stocks, so the iron plant's selling prices have been reduced. Shipments of foundry pig iron in Shandong are generally shipped. As the price of raw material coke decreases, the role of pig iron cost support weakens.
Coupled with the decline in the prices of ductile iron manhole covers in Xuzhou, the merchants' mentality is weak, and the market bargaining space has increased. Inner Mongolia's steelmaking pig iron transaction is still acceptable, and iron plant inventory remains low, but the demand for cast pig iron is sluggish, and inventory is difficult to fall. Comprehensive consideration, the current pig iron market demand has not improved, coke prices continue to fall, the pig iron market has not been boosted by good news for the time being, so it is expected that the short-term domestic pig iron market will be difficult to change.
According to the monitoring data of Lange Steel's cloud business platform, as of press time: Steelmaking pig iron (L10): Tangshan district reported 3,070 yuan; Yicheng district reported 2,950 yuan; Linyi district reported 3,000 yuan. Foundry pig iron (Z18): Yicheng district reported 3300 yuan; Xuzhou district reported 3290 yuan; Zibo district reported 3250 yuan. Ductile iron (Q12): Yicheng district reported 3140 yuan; Xuzhou district reported 3290 yuan; Linyi district reported 3290 yuan.