Good short-term demand still supports the price of ductile iron manhole covers
Fundamentals: On May 25, the Shanxi coke market temporarily stabilized and rose by about 350 yuan / ton. According to the feedback from Shanxi Coking Enterprises, recent purchases and reminders by steel mills in Hebei, Shandong and other places are common. Low inventory, still optimistic about the short-term market; downstream steel mills are more motivated to purchase, especially in eastern China, the demand for replenishment is relatively strong, and good short-term demand still has a certain supporting effect on the price of ductile iron manhole covers.
At the port side, the mood of traders has changed a lot. Traders ’intentions to ship have increased significantly, but there have been fewer high-price transactions, and some traders have cut their prices. Coking coal prices have continued to strengthen. Coking enterprises have started to have high demand for high coking coal. At present, the prices of low-sulfur varieties in Shanxi The increase ranges from 50-120 yuan / ton, and the high-sulfur varieties increase by about 20-30 yuan / ton.
On May 25, 61.5% of Australia's fine powder mines at Jingtang Port reported at RMB 452 / ton, down 21 yuan week-on-week. Iron ore supply has increased in the short-term due to the completion of berth maintenance in Australia. Mine shipments have remained high, and short-term arrival resources have increased. Hong Kong deposits have continued to approach the 160 million mark after this week's increase. Last week, traders experienced a low-price sell-off, which impacted the market and further weakened market sentiment.