The domestic market for ductile iron manhole covers has not adjusted much in April
Steelmaking pig iron: Due to the continuous weakening of the raw material iron ore and coke markets, transactions in the pig iron market were slightly weak. In a few regions, steelmaking pig iron prices still remained high, and the market basically had no price. Steel mills and enterprises indicated that prices were higher, and purchases were mostly wait-and-see. Most iron mills maintain a single-discussed shipping model, and large deals are more favorable, with the aim of digesting excess market inventory as soon as possible.
Foundry pig iron: In April, the domestic nodular cast iron manhole cover market adjusted little, and the contradiction between supply and demand of resources was not too drastic. Entering the steel market “Gold, Silver, and Silver” in April, the operating rate of iron plants increased and inventory increased, but demand did not increase much, which would cause oversupply pressure.
In summary, the domestic pig iron market is expected to adjust weakly in April. As of April 12, the quotation in Tianjin area was 3650 yuan, down 100 yuan from the beginning of the month; the quotation in Wu'an area was 3600 yuan, down 100 yuan from the beginning of the month; the quotation in Yicheng area was 3400 yuan, down 200 yuan from the beginning of the month; It fell 50 yuan at the beginning of the month; the quoted price in Linyi area was 3,310 yuan, a decrease of 110 yuan from the beginning of the month.