The spot market of the reduced iron powder in Shandong Province last week (14-18) was stable overall, the spot price did not fluctuate, and the transaction performance was acceptable. Major producers in Zibo said that the current spot inventory pressure is relatively small; the main production enterprises in Laiwu area may increase the supply of raw materials for metallurgical sponge iron next year.
The reduction iron powder market in Maanshan area maintained a stable operation overall, and the spot market transaction volume increased slightly compared with the first week after the holiday, but the growth rate was relatively limited. The primary and secondary reduced iron powder markets in the region have maintained normal operation. The spot transaction of Maanshan Iron and Steel Powder Metallurgy Plant remained basically stable, and the quotation was basically the same as before the holiday.
Recently, the spot market of reduced iron powder in Henan and Hebei regions continued to be weak, and local major businesses generally reported that the transaction was not smooth, and the stock inventory pressure was relatively high. At present, the production load of production enterprises in Henan and Hebei is basically at about three levels. A small number of enterprises have to maintain a high productivity of about 50%. The spot price has been relatively stable recently. The spot price in the mainstream market is still at a lower price, and there is no sign of a decline in the short term.
As far as the current situation is concerned, the market's bullish attitude has gradually faded, and more merchants still use the clearing of inventory as the main business strategy. It is expected that the prices of reduced iron powder in the above-mentioned areas will remain stable in the short term.
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