6/05/2007

[Mo] export quota policy of the Chinese molybdenum market improved slightly

Recently, the domestic goods market molybdenum slightly weak, the price of molybdenum small callback. Today, the mainstream ore prices for 4350 -4400 yuan / ton, the contract is not strong. Small market inquiry.
It is understood that the recent overall performance molybdenum market slump, affected by the policy, the domestic market has a wait-and-see wait, so little turnover, prices began to decline slowly.
Other exports, traders said, and permitting the publication of the list, the international market is not produce obvious effects Molybdenum products because the European market remains stationary, and Rotterdam warehouse ferro molybdenum spot price at 74 -74.5 U.S. dollars / kg molybdenum. Exporters have said that the recent export still a small spot, Price did not decline.
Reportedly, export quota policy related details will be promulgated in the near future. Prior to the announcement of the policy is expected to domestic molybdenum market will remain calm and molybdenum prices to rebound in the short term.

[Iron ore, pig iron, steel billets, coke and scrap] end of the Chinese raw materials market

Recent domestic market for raw materials affected by the steel market, with the exception of coke, the prices of most varieties started to slide. Continued weakening of domestic iron ore, steel procurement cautious, but the market is still tight supply of resources, imports of iron ore freight slight decline; pig iron turnover slowdown, the market a strong wait-and-see mood; billets, the overall market turnover is still not ideal, Ming Anxiang price stability; Coal resources remain tight, coke market remained stable, prices have gone up and scrap the more obvious aspects downtrend, Scrap especially Jiangsu market.
1, iron ore : The recent domestic iron ore market remain vulnerable to settle down trend, the market mentality is the main factor domestic supply of iron ore resources is still relatively tight, and entered in June, some domestic Newly Added Capacity will enter the commissioning phase Preparation, iron ore demand will continue to maintain good momentum But in the steel market continued Lindie, the billet prices dropped sharply. pig iron market weakness, and other signs of the influence of pressure, iron ore supply and demand balance the strengths of change. At present the majority of steel procurement more cautious, some steel mills reduced procurement small purchase price control volume, Mine has significantly increased the psychological pressure, some more positive export mines, iron ore market to settle down into stages.
International Market : imports of iron ore market instability. As of the end of May, my 23 port stockpiles of iron ore 45.06 million tons, loaded 43.6 million tons of rising 1.46 million tons, of which India ore stockpiles 11.7 million tons, loaded rising 2.29 million tons. 63.5% outside India powder ore disk Price almost no significant changes in ocean prices fell under the influence CIF prices began to decline, 63.5% of India powder ore offers about 104 dollars / ton. North Port car plate delivery prices northern 880 yuan / ton, the South 870 yuan / ton, Jiang and the domestic market due to supply shortage transaction price remains high, but turnover was thin, the market wait-and-see attitude. International transport iron ore prices to continue to drop slightly, to the end of Tubarao / North Lunhai freight 51.73 U.S. dollars / ton, West Australia / North Lunhai freight to 20.3 U.S. dollars / ton, than on the 24th slight decline 2.70 U.S. dollars / ton and 1.68 U.S. dollars / ton.
2, pig iron : domestic pig iron market has started to decline, the overall turnover inactive, the market a strong wait-and-see mood, Most companies are not promising outlook. Fixing to reflect the recent severe Inquiry customers declined, partly ironworks and dealers began to take the initiative to ask whether steel goods. Steel mills and traders said that the recent steel billet prices continued to drop, the current prices of pig iron has been difficult to accept, Some steel mills are brewing down the purchase price, pig iron market pressure increased significantly, The quality of demand is supporting the market late change of the important factors. East China pig iron market has shown a decline, with the recent steel billet prices fall, the price of pig iron steel unacceptable. ironworks and are unwilling to lower prices, the actual market transactions less wait-and-see mood strong; North iron appear weak, some areas prices drop slightly, Hebei iron prices decline part of the local steel mill, is preparing measures the prices of pig iron; Southwest China to maintain a strong market, Henan steel procurement prices of pig iron 2720 -2740 yuan / ton. Yunnan-Guizhou region pig iron market steady operation.
3, billets : domestic billet market price stability Ge-Ming Anxiang, for a total decrease of 130 yuan / tons. Overall turnover is not ideal. As the domestic steel market instability, downstream users of blank demand decreased over mainly to a wait-and-see. As downstream users procurement positive, the domestic enterprises billet production plant inventory increase Some steel mills to avoid operating risks and have intended to take maintenance shutdown mode to reduce output slowed plant inventory pressure. Tangshan area early price settlement price of steel has been introduced, clearing price and the market prices for the mainstream basically the same. Due to the recent domestic billet prices have fallen, the billet production enterprises to reduce internal trade profits. enterprises proposed sales into the international market, even on June 1 again billet exports 5% levy tariffs But more enterprises to profit, still hope to export more.
4, coke : domestic coke market as a whole remained stable. June 1 part of coking enterprises to adjust prices, mainly due to coal resources remain strained, cost pressures larger enterprises, coupled with sales of Coke and other good causes. Shanxi, Shandong provinces coking enterprises, and maintain a wait-and-see posture. Although steel prices fell, but the demand Coke has not decreased, the sales of coking good. East China Coke trend remained strong, weekend part of the price increase. Coke northern areas to maintain stable operation of the market situation. On the 30th Shanxi Coking some members of the Association convened a meeting, decided not to adjust prices. Hebei's steel enterprises have also said in June not to consider price adjustment; Central and western regions coke market mainly to smooth.
5, Scrap : Scrap the domestic market declines more obvious, especially in Jiangsu scrap market, Local decreases reach 70 -100 yuan / ton. , But the beginning of a steel price increase in the prices of the phenomenon. Judging from the current domestic Scrap ups of varying state, the domestic inter-regional price differences narrow, the flow of resources will also be balanced. Recently, domestic steel prices remain at a low tendency for the market to the late Scrap the psychological pressure. International markets : Scrap the recent international trend of the market continues to slump. Japan's three major areas on the 2nd Scrap Waste heavy price for the 32,708 average, than last week's 33,808 yen / ton, down from last week's 1,100 yen / ton. Germany May Scrap price down about 10 euros / ton, shredding scrap 234.30 euros / t, remelting of scrap 236.90 euros / ton. The international market has continued to decline, the domestic iron and steel enterprises to import scrap pressure, However, the current international and domestic scrap prices are much higher than scrap one, therefore, Scrap rely on imports of raw materials to ease domestic tensions still a lot of difficulty.

[Nickel] global nickel supply this year, or 5,000 tons shortfall

Recently, CVRDInco (England may River Valley) in a seminar that 2007 global nickel market balance of supply shortfall or 5,000 tons, next five years, the nickel market demand remains strong.
CVRD does not think that in addition to the countries outside China, the output of stainless steel output at present, any reduction is not enough to offset the increased demand in China, CVRD nickel price that the second half might not be adjusted. However, stainless steel market low nickel content of the output will rise rapidly. 2001 300 Stainless Steel in the proportion of about 71%, by 2007 had dropped to 64%. However, 60% would be a minimum threshold. Beijing Antaike advisory body of non-ferrous metals and CVRDInco that China in 2007 with the production of pig iron nickel will be from 80,000 to 100,000 tons.
The industry believes that if another influential year supply of unexpected incidents in the future, nickel prices may continue to rise. downward pressure from the Chinese stainless steel production was immense, but production has not been fully utilized. If the full domestic release, then stainless steel market will have the backlog of inventory, then nickel prices will change direction, containing iron and nickel in the cost of Line 13 -16 dollars / pounds, which may be the recent nickel price of the bottom line.

[Manganese ore ] European markets manganese ore spot price increases

Manganese current spot market (48-50% Mn) trading at 3.3-3.6 U.S. dollars / ton, higher than the original 3 .1-3.3 U.S. dollars / ton degrees. Manganese large number of suppliers in the long single-Availability, however, Due to strong demand in China this year, the cash market has been heating up. As ore increased costs, After the United States and Asian markets manganese alloy prices move up, the European market prices have started to rise. a manganese ore producers, Because of the problem, Eramet Manganese port of departure affected, CVRD respective Azul mineral decline, the mine from the beginning of June to cut off about half a year; In addition, Ukrainian Privat intervention, Ghana Manganese output has been reduced; BHP yield no more than originally expected. subject to these factors. Manganese prices continue to bear the pressure of rising. European market standards-class high-carbon ferromanganese (78% Mn) price of 800 - 850 euros / ton, which is higher than the week before the 670-705 euros / t; silicomanganese prices also 800 -850 euros / t, higher than a week ago, 700 -730 euros / ton. Sources have said that silicomanganese some of the cash transaction price broke through the 900 euros / ton.

[Silicon chrome] SILICO CHROMIUM outlook development will remain stationary operation

In mid-May, the domestic price SILICOCHROMIUM rise, but the overall modest recent years, SILICOCHROMIUM rates to maintain the stability of the situation develops, Most manufacturers Sichuan Price in 9100 -9200 yuan / ton, the highest Price today in 9,500 yuan / ton, Inner Mongolia region, in 9000 -9200 Price yuan / ton, Zhejiang Price in 9200 -9300 yuan / ton. Lattice mortgage market in 8800 -9100 yuan / ton.
It is understood that the current silicon - chromium alloy manufacturers to produce more normal situation, people in the industry think, As silicon - chromium alloy smelting of raw materials are high carbon ferrochrome, silica, coke and scrap steel, high carbon ferrochrome market prices steady before. other raw materials have a steady running then SILICOCHROMIUM want to increase or higher on the lack of support for the lifting, However, the current one, is quite a number of businessmen called silicon - chromium alloy Price raise about 200 million or so, But the actual price reported no change, which shows that because of high carbon ferrochrome production of raw materials such as a high level, makes silicon - chromium alloy manufacturers cost of production is high, the price increases there is also reasonable voices. only the current state of this market, the price hike will bring sales of risks, there is no market demand-pull. Then SILICOCHROMIUM regards the development will remain stationary operation.