Mysteel Daily: The Price of Pig Iron in China Has Been Adjusted Steadily

First, Today's price

On the 29th, the price of pig iron in China was adjusted steadily, and the transaction was light. Among them, the average price of pig iron L8-L10 in 10 steel-making cities is 3,390 RMB/ton, which is stable compared with the previous trading day; 8 City nodular cast iron Q10 average price 3846 RMB/ton, stable compared with the previous trading day; The average price of cast pig iron Z18 in 10 cities is 3811 RMB/ton, which is stable compared with the previous trading day.

Second, the forecast for tomorrow

In terms of cost, the high cost of pig iron raw materials is difficult to reduce, the cost pressure of various pig iron enterprises is still relatively high, and the willingness of merchants to stand the price is strong. On the supply and demand side, affected by the epidemic situation and the approaching Spring Festival holiday, pig iron enterprises and downstream foundry enterprises all over the country have stopped production for holidays one after another. The pig iron market is in a weak pattern of supply and demand, with few market transactions. Some businesses have expanded their bargaining space to promote shipment. On the whole, the cost of pig iron is high, but the demand support is weak, and merchants have a strong wait-and-see mood. It is expected that the pig iron market will continue to run steadily tomorrow.