Reduced iron powder prices in some domestic markets

Last week, the domestic market for various types of furnace materials gradually declined from weak to weak, including iron fines, imported ore, coal, scrap steel, billet and other raw materials, which fell under the weak line of related raw materials. Among them, the prices of iron ore fines, coal and other varieties, which are the main raw materials of reduced iron powder, are weak. The domestic ore market can directly receive the direct impact of the trend of billet market from weak to flat, but the market spot is relatively abundant. The demand for steel in the terminal market is not ideal. It is expected that the billet will maintain a weak operation in the short term, and will further promote the weak decline of the iron concentrate market. Therefore, in summary, the reduced iron powder market will continue to be weak in the short term. The spot market of domestic reduced iron powder has obviously weakened from the third quarter of last year to the first quarter of this year. The spot decline rate in various regions is generally 200 yuan/ton-300 yuan/ton. The actual spot transaction price in some regions has dropped more than 300 yuan/ Ton. Most of the regional manufacturers have reported that the downstream market demand has continued to weaken since the second half of last year; and there is no expected rise in the first quarter of this year. It should be noted that the spot market of the reduced iron powder last year appeared after the year, but this year. There was no expected increase, and the spot price of the water atomized iron powder market in some areas was greatly reduced. Therefore, comprehensive observation of the recent market raw material trends, quite reduced iron powder traditional off-season advance momentum, especially in the second and third line of reduced iron powder supply areas in Henan, Hebei, but there are still some areas of production enterprises continue to improve the transaction, please regional businesses Avoiding inventory risks and focusing on prudent operations.

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