Domestic iron and steel raw materials, weak spot market was stable yesterday. Among them, the imports of iron ore spot market largely steady, stable and downs of domestic iron concentrate the spot market, the billet market vulnerable downstream coke market continued weak, the shipping market continued to fall.
Specific view, yesterday's imported iron ore market was stabilizing trend. Among them, the smooth operation of the external disk market, mining tender step-by-step, the price is slightly higher; futures market consultation offer is acceptable, price no significant fluctuations in market transactions is limited. Domestic ports spot market business mentality is again weaker market inquiry began to subside, the overall offer steady, but the overall market turnover is still in the doldrums.
Within the mine yesterday domestic iron concentrate market weakness, stability maintenance, individual market prices slipped. Among them, the the Liaoning quoted market prices continue to fall in the range of 10 yuan / ton. Yesterday again to weaken the domestic steel market, iron market continued downturn trend, some steel mills iron procurement continue to weigh on individual steel mills and even stopped buying, the market traded less. Expected short-term iron concentrate market converting words optimistic, vulnerable situation, or will continue, but continue to decline.
The steady weakening of the domestic steel market yesterday, part of the quoted market prices fell, market transactions continue to be weak. Among them, Shanxi, Tianjin, Zibo, Henan market to decline, in 20-150 yuan / ton. Tangshan billet price yesterday afternoon, a temporary maintenance of stability, Tangshan region yesterday, part of the market billets, down 20 yuan / ton, the current business outlook is still pessimistic, downstream procurement is still not positive, it is difficult to continue to support billet prices rebound.
Domestic coke spot market continued yesterday a weak part of the market continue to decline, a decline in the 40-150 yuan / ton, but the port price temporarily holding stability. Recently, the domestic steel market have risen, but by the poor downstream demand, the apparent lack of support after several days of continuous rise, began to fatigue. Combined with a lot of steel mills began to shutdowns, further weakening demand for coke, individual steel mill coke purchase prices continue to suppress the pressure is still short-term coke market.
Weak consolidation of the scrap market price yesterday, the overall stability of the main part of the market up and down. Among them, the Dalian market down 50 yuan / ton, the Chongqing market was up 50 yuan / ton. By weak steel prices pull up the scrap market receipt of poor market transactions vulnerable situation difficult to change the short-term, more cautious business operations.
Yesterday again to weaken the domestic steel-making pig iron market, Zibo, Linyi, Muan, Tangshan, Kunming and other market some decline, the decline in the 30-50 yuan / ton, the transaction is still in the doldrums. Steel mills continue to suppress the purchase price of pig iron, while reducing the amount of procurement, business mentality is still pessimistic, late will continue to run in the doldrums.
As regards maritime transport, on the 1st shipping market again weakened, Brazil to ocean freight 17.911 U.S. dollars / ton, down $ .036 / t (15-18 tons), down a slight increase from the previous day;
WA China's sea freight 6.375 U.S. dollars / ton, down $ 0.033 / t (15-18 tons). At the same time, due to the stagnation of demand for raw materials inhibit the shipping activity, BDI Index continued to fall on Wednesday, down 19 points, down 2.12 percent, down continue to increase.
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