Downstream demand for nodular cast iron manhole cover manufacturers has not improved
Today, the domestic pig iron market has been steadily falling, and Shanxi's quotations have been reduced, and the overall market turnover has been poor. It is understood that the transaction of ductile cast iron in Benxi area is general, but because there are not many iron plants and small inventory, as the price of raw materials decreases, the support for pig iron costs weakens, and high-priced resources tend to move closer to low levels.
The pig iron market in Shanxi area has been lowered due to the recent decline in raw material prices, cost reductions, and sluggish downstream demand. At present, nodular cast iron manhole cover manufacturers' downstream demand has not improved, and downstream enterprises are mostly based on on-demand procurement. Traders are not enthusiastic about operation, coupled with weak cost support, and merchants are pessimistic. In summary, it is expected that the domestic pig iron market will continue to operate weakly in the short term.
According to the monitoring data of Lange Steel's cloud business platform, as of press time: Steelmaking pig iron (L10): Tangshan district reported 3050 yuan; Yicheng district reported 2900 yuan; Linyi district reported 3,000 yuan. Foundry pig iron (Z18): Yicheng district reported 3250 yuan; Xuzhou district reported 3290 yuan; Zibo district reported 3250 yuan. Ductile iron (Q12): Yicheng district reported 3,070 yuan; Xuzhou district reported 3,290 yuan; Linyi district reported 3,290 yuan.