Ductile iron manhole cover price may continue to oscillate
Recently, the spot price of coke has begun to loosen. The market outlook for coke will be lowered under the expectation that environmental protection will ease supply and the squeeze from steel mills. Taking into account the relaxation of environmental protection inspections and the resumption of production in some areas or the release of coke supply, the current super high level of coking profits of coking plants, and the current situation of steel mills with compressed profits, accumulated inventory, and unsmooth transactions, steel mills Coke's price-pressing mentality is strong, and the spot or turning of coke in the later stage has entered a downward trend.
Fundamental: On the 9th, the spot price of the domestic coke market in Shuangjiao was stable and weak. Most of the coking enterprises raised the price by 100 yuan / ton in the second round. Some coking enterprises have been in the game. At present, the stock of upstream coke enterprises has risen again, and sales pressure is high; the stock situation of downstream steel mills has improved, and the power of coke prices has subsided. The scope of the second round of implementation will continue to expand in the short term.
In summary, the price of ductile iron manhole covers may continue to fluctuate. From a macro perspective, the Sino-US trade war has begun, and the ductile iron manhole cover market has become more worried about systemic risks, but the country may adopt internal stimulus measures to hedge the pressure of the trade war. From an industrial perspective, as high-temperature weather continues, terminal demand Continued weakness, but the contradiction between supply and demand is not prominent.