Ductile iron manhole cover prices weaken
The market price of imported ore has fallen sharply, and even iron has dived sharply. The speculative sentiment in the market is relatively pessimistic, and the market for finished products is weak. Although domestic traders are still very strong, the market price continues to weaken. The prices of lump ore and Brazilian ore in the imported ore market this week are firm, with a slight increase compared to last week, mainly due to its cost performance and limited production. The end of the lumber industry has weakened, and the increase in the number of arrivals to Hong Kong in the later period has caused the market to be empty. Therefore, the imported ore market will weaken slightly next week.
As of September 20, 61.5% of the Australian ore market for imported ore was quoted at $ 94.5-95, up $ 1 from last week. The mainstream quotation of 61.5% Australian flour in Qingdao Port was around 750 yuan, down 10 yuan from last week; the market price of ultra-special flour was around 640 yuan, which was flat. The quotation of 61.5% PB powder in Tianjin Port was around 780 yuan, down 10 yuan from last week; the quotation of 62% PB block was around 870 yuan, up 60 yuan from last week.
The international shipping market fell this week. As of September 19, the BDI index was reported at 2192 points, down 139 points or 5.9% from last week. The sea freight from Brazil to China was reported at 23.927 yuan, a drop of 2.968 US dollars from the previous week, or a decrease of 11%; the sea freight from Western Australia to China was 9.795 US dollars, a decrease of 0.937 US dollars, or an 8.7% decrease from last week.