In terms of domestic ore, the market price of domestic refined powder strengthened. Due to the frequent changes in the foreign mining market recently, most steel mills made inquiries cautiously, most of them purchased in small quantities, and some companies were less willing to purchase fine powder, and the overall transaction was average. In terms of imported mines, under the strong support of swaps, iron ore futures opened a straight line today, and traders’ market quotations rose by 35-40 yuan in the morning. Traders are more motivated to ship. The steel mill side still replenishes the warehouse as needed. In summary, it is expected that the domestic iron ore market will be sorted at a high level on March 8th.
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On March 7th, the domestic coke market was relatively strong. Today, the rising expectations of the coke market are highlighted. Most of the coke companies are in good shipments, and they are basically in a state of low inventory and zero inventory. As the coal price remains strong, although the coke price has risen, the profitability of coke companies is still not good. Ideally, driven by the rising downstream market, coke enterprises are more willing to raise prices further, and domestic iron and steel enterprises have recovered in blast furnace construction, and they have a preference for coke resources.
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Comprehensive factor analysis, it is expected that the coke market will maintain its upward momentum in the short term, and the third round of increase is expected to land.
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