ferroalloy
Black chain replenishment is expected to remain relatively empty in ferroalloys
Manganese silicon: Black commodity volatility Thursday night. According to the National Bureau of Statistics, crude steel production in October was 79.09 million tons, down 1.8% year-on-year; Pig iron output was 69.19 million tons, down 2.8% year-on-year. Yesterday, Shanghai steel data pig iron daily production continued to decline to 2.35 million tons of bearish raw materials. Landmark steel manganese silicon set a price of 6720 yuan/ton, higher than the first round of bidding price, but still significantly lower than the previous month and reduced. As the excess supply and demand of manganese silicon is more serious, short-term production cuts are not enough to support prices, it is recommended to wait and see or light short selling.
Ferrosilicon: The black commodity wobbled on Thursday night. At present, the profit of spot production of ferrosilicon is reduced, backed by the price of electricity, and the market cost is firmly supported. Mysteel statistics 136 independent ferrosilicon enterprises nationwide sample: operating rate (capacity utilization rate) 41.85%, down 0.60% from the previous period; The average daily output is 16,398 tons, down 10 tons from the previous period. Iron silicon production high fall, steel normal, iron silicon cost support is strong, but the futures premium spot, it is recommended to wait and see.
Coke coal coke
Coal mining – hands holding sunlit dark coal stone part. Concept coal mining, coal processing, energy
source, environment protection.
Safety accidents stimulate market sentiment raw materials high volatility
On Thursday night, coking coal opened at a high of 2401 and ran in shock, closing at 2095, up 74, or 3.66%. Origin safety inspection pressure remains, yesterday’s safety accident in Shanxi triggered a phased tightening of supply. Mongolia coal customs clearance is high, the port of seaborne coal transactions are cold. Coke steel enterprises raw material inventory is low, downstream profits are tolerable, and there is replenishment momentum for raw materials. Disk under the impact of the safety accident to pull up, high concussion, it is recommended to short-term operation.
On Thursday night, coke 2401 opened at a high level and ran in shock, closing at 2688, up 56, or 2.13%. Coking enterprises still have losses, insufficient production momentum, and the start of construction fell slightly. The production reduction of long process steel mills has not yet ended, the reduction of hot metal, and the real consumption of charge has declined. Steel mills under the low inventory of on-demand procurement, coke enterprises to keep to the warehouse, the disk to follow the raw material shock operation, it is recommended to short-term operation.
rebar
Supply and demand are relatively smooth thread oscillating operation
On Thursday night, the thread opened at a high of 2401, and the shock was weak to run, closing at 3968, up 39, or 0.99%. Steel blast furnace maintenance, supply reduction, but electric furnace profits improved, capacity utilization rate has rebounded. The supply of large varieties of steel increased on Friday. On the demand side, the inventory of the mature society continues to diminish, showing the resilience of terminal demand in the context of the off-season. Supply and demand are relatively stable, pay attention to cost support, oscillating operation on the disk, and recommend short-term operation.
Iron ore
Regulatory pressure iron ore high oscillations
Thursday night trading, iron ore high volatility, as of the close of iron ore 01 contract up 13 to 969, up 1.36%. In the news, the National Development and Reform Commission issued a document to strengthen the supervision of iron ore, cool down iron ore, and greatly reduce the amount of capital on the pan. On the supply and demand side, as the seasonal off-season is gradually approaching, iron ore supply has declined slightly, and on the demand side, steel data show that the average daily production of molten iron continues to fall to 2.3547 million tons, and the quarter still maintains a downward trend. Operation suggestion: short-term participation.
