The market of thick-walled seamless steel tube is difficult to change. Prices in many areas are generally lowered, and the willingness of downstream steel mills to buy is still very low. The main body of the domestic mineral market remained stable this week, highlighting the deadlock between supply and demand. Steel mill purchases are more than necessary, traders have good inquiries, mine mindset is acceptable, and transaction prices in some areas have risen slightly. In the coking coal and coking coal market, the domestic coking coal market is weak and consolidated, and the mainstream prices in various regions are rising steadily. Except for some areas, the local coal price basically did not fluctuate substantially, and the coking enterprise transactions gradually went smoothly, but prices rose in the short term. The possibilities are still very small.
Last week, the overall import mining market declined, and future and futures prices deviated later in the week. In the early days, because the spot price of the port was more competitive than the futures price, it attracted the demand of some end-users, and the stock was excessive. Steel mills increased their acquisition of Australian mine managers. Fundamentally speaking, the increase of spot price in ports has been restrained, and the spot price in ports has risen from top to bottom. In the long run, due to the impact of Singapore holidays, some businesses have increased the operational enthusiasm of the swap market. Singapore's global ORE spot trading platform has 10 resources a day, and the transaction price is significantly higher than the spot market. The market is expected to continue to increase later this week, but still lower than previous prices. Most spot traders say futures prices have risen. With suspicious speculative factors, most businesses are reluctant to rise. The phenomenon of this spot price trend is the opposite. It is expected that the dynamic trend of the import mineral market will continue and the sustained upward momentum will be insufficient. The domestic billet market shows a fluctuating adjustment trend. Although steel mills intend to increase billet prices, prices are hampered by limited downstream capacity to accept high-priced resources. Macroeconomic data is not warm, and the role of promoting the steel market is limited. Fortunately, the billet market is not large at present, and traders are generally cautious and optimistic about the future market in the seasonal peak demand season. It is expected that billet prices will still rise in the short term. However, considering the bad overall environment, it is inevitable that a pullback will occur in the process of price increase. Tangshan billet market shows a downward trend, with light transactions, especially high-priced resources shipment is obviously blocked. Due to the poor delivery volume after the billet price rises, billet and finished product prices fluctuate frequently after entering last week. Due to the current peak demand season for steel, steel mills have a strong price will. As a result, leading steelmakers attempted to pull up prices during the fall in billet prices, but ultimately failed. In the short term, it is difficult to have a strong policy to stimulate the steel market, which shocked some manufacturers who expected policy to rescue the market.