pokerstarshomegames| Everbright Futures: April 26, Mining Steel Coal and Coal Coke Daily

Rebar:

The surface of the screw thread fell slightly yesterdayPokerstarshomegamesThe closing price of thread 2410 is 3669 yuan / tonPokerstarshomegamesCompared with the closing price of the previous trading day, the closing price was down 21 yuan / ton, or 0%.Pokerstarshomegames.33%, position reduced by 1.Pokerstarshomegames.550,000 hands. The spot price is basically stable, and the transaction has fallen. The price of square billet of Qiananpu in Tangshan area is unchanged at 3470 yuan / ton, the price of Zhongtian thread in Hangzhou market is unchanged at 3610 yuan / ton, and the national trading volume of building materials is 129900 tons. According to my iron and steel network data, this week, national thread production rebounded by 41800 tons to 2.2205 million tons, social storage decreased by 491500 tons to 7.0571 million tons, factory depots dropped by 168000 tons to 2.431 million tons, and building materials meters need to rise by 64,200 tons to 2.88 million tons. Thread production continues to pick up, inventory decline has expanded, the table needs to pick up, the data performance is relatively strong. At present, there is still a certain replenishment demand for steel downstream before May Day, and the cost support brought about by the rise in iron ore and coke prices has also been enhanced. The fundamental pressure on short-term threads is not great, and it is expected that it will still be operated in a narrow range.

Iron ore:

Yesterday, the price of i2409, the main contract of iron ore futures, showed a volatile trend, closing at 879.5 yuan / ton, down 8.50 yuan / ton, or 1%, from the closing price of the previous day. 476000 lots were traded and 15300 positions were reduced. Port spot prices have fallen, Rizhao Port PB powder prices fell 8 yuan / ton to 879 yuan / ton, super powder prices fell 11 yuan / ton to 724 yuan / ton. On the supply side, shipments rebounded last week, while 45 port arrivals declined month-on-month. On the demand side, a total of 4 new blast furnaces were overhauled, 9 blast furnaces resumed production, the output of hot metal increased by 25000 tons to 2.2872 million tons, the daily consumption of imported mines increased by 28700 tons, the dredging volume increased by 1600 tons, the profit rate of steel mills continued to increase, and the demand continued to improve. and replenish the warehouse before May Day, the port spot turnover has increased. On the inventory side, the port inventory is 1.9964 million to 147.59 million tons, and the steel mill inventory is 150000 to 93.8 million tons. Long and short intertwined, iron ore prices are expected to continue to show a volatile trend.

Coking coal:

Coking coal disk rose slightly yesterday, the closing price of coking coal 2409 contract was 1804.5 yuan / ton, up 15.5 yuan / ton compared with the previous trading day closing price, an increase of 0.87%, position increased by 7318 hands. Spot aspect, Luliang market coking coal concussion operation, medium sulfur lean coal A ≤ 10 ≤ S ≤ 1.3 V ≤ 18 G ≥ 60 average transaction price 1663 yuan / ton. Mongolia's imported coking coal market is relatively strong, and now it is willing to have 1375 of Mengli raw coal and 1670 of Mengli clean coal at Maodu Port. On the supply side, the production of coal mines in the main producing areas remains stable, the inventory of some mining sites is still low, and the supply of coking coal is relatively tight. In terms of demand, the second round of coke increases are all on the ground. Hebei Steel works plans to carry out the third round of increases recently, and the coking plant enters the market to take goods and replenish the stock actively. It is expected that the short-term coking coal disk shock finishing operation.

Coke:

Yesterday's coke disk shock was strong. The closing price of coke 2409 contract on the closing day was 2324 yuan / ton, up 8 yuan / ton, or 0.35%, compared with the previous trading day. The spot operation of coke in the port is strong, and the spot price of quasi-primary coke in Rizhao Port rose 30 yuan / ton to 2030 yuan / ton. On the supply side, the loss situation of coke enterprises has not been effectively improved, most coke enterprises still maintain the previous production restrictions, coke supply is in short supply, and there is little inventory in the factory. On the demand side, the profitability of steel mills has improved, and the expected resumption of blast furnace production has increased. This week, the average daily output of hot metal has continued to rise from 25000 tons to 2.2872 million tons. Steel mills have increased rigid demand for raw materials and increased purchasing enthusiasm. Some steel mills accept the third round of coke rise, and the market is still bullish on the later stage. It is expected that the coke disk shock will be strong in the short term.

Ferrosilicon:

On Thursday, the main ferrosilicon contract rose 0.75% to 6754 yuan / ton. The total price of No. 72 ferrosilicon spot remittance in Inner Mongolia was 6250 yuan / ton, and that in Ningxia was 6450 yuan / ton. The price was the same as the previous day. From the perspective of supply and demand, ferrosilicon is similar to manganese silicon, production and demand is improving marginally, and demand is also released to a certain extent during the steel recruitment period. unlike manganese silicon, although the cost of ferrosilicon has also increased to a certain extent, the price of Shaanxi orchid carbon has been raised by 50 yuan per ton. but the cost support is weaker than manganese silicon. Overall, under the demand recovery and cost support, the short-term ferrosilicon price volatility is expected to be strong.

Manganese silicon:

On Thursday, the main manganese silicon contract rose 3.07% to close at 7248 yuan per ton. the spot market price of 6517 silicon and manganese in Inner Mongolia was 6520 yuan per ton, and the spot price of 6517 silicon and manganese in Ningxia was 66500 yuan per ton. The strong cost support and the expected increase of steel price in May are the main factors affecting the price of manganese silicon. Australia's wharf damaged by Tropical Cyclone Megan is not expected to resume operations and export sales until the first quarter of 2025. Affected by this, the spot price of manganese ore continues to rise sharply, the cost of raw materials has obviously moved up, and some traders have been closed to rise. At the same time, the price of steel was raised in May, which led to market sentiment. During the period of steel recruitment, demand has also been released, and the level of supply and demand is improving marginally. It is expected that short-term manganese silicon prices still maintain a strong trend of volatility, but we need to be aware that rising costs may put pressure on the recovery of downstream demand.