The stalemate of nodular cast iron manhole covers keeps short-term prices stable
Today, the domestic ductile iron manhole cover market is operating steadily. **** Mine shipment prices are relatively stable, low prices are difficult to purchase, and the cost of back-end ferro-molybdenum plants is high. However, from the perspective of tenders from TISCO, the transaction price of ferro-molybdenum is not high. Both are more cautious. At present, although the prices of conventional grade raw materials have partially declined slightly, the overall molybdenum concentrate is firm and it is difficult to have a large adjustment range.
Under the support of cost, the price of ferromolybdenum remained at a high level. Although the back-end middlemen cautiously waited and there were no plans for large-scale replenishment in the near future, the quotation of bulk cargoes remained limited above the cost line with limited new orders from the factory. The volume of steel in mid-month is expected to be small, the market turnover is relatively light, the nodular cast iron manhole covers are stalemate, and short-term prices continue to maintain stability, and the possibility of local overcast is not ruled out before the end of the month. According to the monitoring data of Lange Steel's cloud business platform, the current domestic offer of FeMo60 is around 110,500 yuan / ton.
Today, the domestic pig iron market maintained stable operation, and market transactions were slightly weak. It is understood that there is scarce production of nodular iron plants in Hebei, inventory is kept low, and strong support for pig iron costs has made merchants have a good mentality and still have an intention to increase prices. Affected by environmental protection policy factors in Jiangsu region, the operating rates of iron plants, steel mills and foundries are low, and the market is in a weak state of supply and demand. The trading atmosphere is slightly weak, and it is now mainly to wait and see. Factory inventory is still small, and some even have negative inventory. Taking all factors into consideration, it is expected that the domestic pig iron market will perform well in the short term.