No adjustment plan for the purchase of ductile iron manhole covers in the short term
The steel market started to decline this week. The overall transactions of all varieties were poor, and the market trading atmosphere was weak. As the destocking speed slowed down, merchants became more worried about demand, operated more cautiously, and waited and waited. This week's main snail RB1810 showed a bottoming out and rebounding pattern, and the decline was eased by Thursday. Taking all factors into consideration, all the indicators of the snails are slightly weaker, but the short-term indicators have a bottoming trend, so it is expected that the snails will first stabilize and then rise in the next cycle.
This week, the iron ore market is stable and strong. At the beginning of the week, the outside iron mine departed from the spot trend, and the spot was a little weak, but after the internationalization of the long iron, the control of the bulls was significantly stronger. The black iron futures were the only company with a relatively strong disk, but the physical market did not have this. This kind of heat, miners offer enthusiastic high-steel mills to purchase on demand, making the overall transaction volume is not ideal, most choose to wait and see.
In terms of internal powder, due to resource constraints, businesses are more likely to hold prices. Especially in Tangshan, steel companies are not willing to increase their profits and are more cautious about purchasing internal powder. Both Hong Kong and Xinda maintained their original prices, and Purchasing policies have not been relaxed, and no plans have been made to adjust the prices of nodular cast iron manhole covers for short-term purchases. However, the current beneficiation and start-up situation is relatively stable, the market supply is as usual, and traders' enquiries are still acceptable.