Raw material market information on November 2

【Imported Mine】
On the 1st, the black iron ore futures were weak, and the final closing of the 01 iron ore was 618.5, down 5.72%. The trading volume was 715,800, and the daily Masukura was 16,700 lots; the early traders’ quotations were still dominated by a single discussion, and some traders lowered their quotations slightly; Tangshan Regional transaction price: super special powder 440/430 yuan/ton; Shandong area transaction price: PB powder 780 yuan/ton, super special powder 445 yuan/ton. The spot market for imported ore is operating weakly. Today, the market is weak, traders have a poor mentality, and a large player in the market conducts low-price shipments. The overall wait-and-see mood is strong. The market is pessimistic. Very few transactions throughout the day. As for steel mills, procurement is still relatively cautious, with a small amount of on-demand procurement mainly. At present, the inventory of imported iron ore continues to be high, and the demand for steel itself is weak. This superimposes that coal has been greatly disturbed by the policy recently, which has restrained the price of ore. On the whole, it is expected that the iron ore market may be weak and volatile in the short term.

【Coke】
On the 1st, the domestic coke market remained stable. Some areas of Hebei issued emergency response to severely polluted weather, and some coke companies had limited production; some coke companies in Shanxi and other areas were still limited in production due to environmental protection policies and other factors, and the coke supply was reduced in the short term. Coking enterprises are actively shipping, and the inventory in the factory temporarily maintains a low level. In terms of demand, the Ministry of Ecology and Environment stated that it will do a good job in reducing production capacity of steel and “look back”, and the situation of steel mills’ production restrictions may become stricter during the heating season. In the short term, steel mills will have weak demand for coke. Port coke inventory rebounded slightly, the current port transactions are relatively small, traders are cautious, and purchases are slowing down. On the whole, steel mills have increased their production restrictions and demand for coke is weak. As the country adopts measures to control coal prices, market sentiment has weakened. In the short term, coke enterprises will still be limited in production and coke supply will continue to be tight. The coke market is expected Or it will run stably temporarily. In the later stage, it is necessary to continue to pay attention to the impact of environmental protection policies, the implementation of dual control of energy consumption by steel mills, the implementation of the reduction of crude steel output in various regions, the price trend of raw coal, the supply and demand of coke, and other impacts on the coke market.

【Coking Coal】
On the 1st, the domestic coking coal market was temporarily operating stably. Recently, the National Development and Reform Commission issued another document stating that preliminary investigations show that coal prices have room for continued corrections, and coal production has increased, and the reduction in steam coal has increased, affecting the weakening of coking coal prices. Among them, the allocation of coking coal by some mainstream coal mines has been reduced by 200-500 yuan/ Ton. At present, the supply of coking coal is limited, and the contradiction between supply and demand in the market still exists, and due to the increase in the price of automobile transportation, there is a certain degree of support for coal prices. The wait-and-see sentiment in the market has increased, and the quotations are mostly stable. On the downstream side, various localities have issued environmental protection restrictions on production policies, and the scope of production restrictions by coking steel companies has further expanded, and the demand for raw coal may continue to weaken. At present, some resources in coking steel companies are temporarily low, and there is still a certain demand for replenishment of coking coal. On the whole, it is expected that the domestic coking coal market will stabilize its operation in the short term.