掀开奶罩边躁狠狠躁苏玥视频,无码专区3d动漫精品,去阳台跪着把屁股抬起来,精品国产丝袜黑色高跟鞋


Chinese market sentiments in alloys improve, but concerns remain

  • Wednesday, August 16, 2023
  • Source:ferro-alloys.com

  • Keywords:ferro-alloy products, ferro-chrome, ferro-silicon, silico-manganese
[Fellow]China produced 536 million tonnes of crude steel in the first six months of this year, up by 1.3% from a year earlier.
 
Four measures announced by the NDRC are aimed at stimulating consumption: optimizing the purchase of automobile vehicles, expanding consumption of new energy vehicles, supporting rigid demand for houses and enhancing consumption of home appliances and electronic products.
 
All these are in favor of ferro-alloy products, which are used in the production of stainless steel, common carbon steel and special steel, among others.
 
“Ferro-chrome producers raised prices after the announcement of the stimulus,” one Chinese ferro-chrome trader said, “because they foresee rising stainless steel demand from the automobile and home appliances sectors.”
 
Fastmarkets’ weekly price assessment for ferro-chrome spot 6-8%, basis 50% Cr, ddp China was 8,700-8,900 yuan ($1,215-1,243) per tonne on Tuesday August 1, narrowing upward by 100 yuan per tonne from a week earlier.
 
Even international chrome ore miners and ferro-chrome suppliers increased their offers in the latest round of quotations to Chinese buyers, industry participants said.
 
Fastmarkets’ weekly chrome ore, South Africa UG2/MG concentrates index, cif China was $286 per tonne on Tuesday August 1, up by $1 per tonne (0.35%) from a week earlier.
 
“I’ve heard that the latest offer in the seaborne market is no less than $290 per tonne after the stimulus was announced,” a Chinese chrome ore buyer source said on Tuesday.
 
Meanwhile, Fastmarkets’ price assessment for ferro-chrome 50% Cr import, cif main Chinese ports was $0.97 per lb on the same day, up by $0.01 per lb (1.04%) week on week.
 
This snapped a downtrend that began since June 13 when the price was at $1.04 per lb.
 
Chrome ore is used to produce ferro-chrome, which is mostly used in the production of anti-corrosion and oxidation-resistant stainless steel.
 
Prices for silico-manganese, another bulk ferro-alloy product, also moved up in both the futures and spot markets.
 
“The futures contract of silico-manganese responds quickly to policies,” a manganese trader said. “It then props up the spot market.”
 
But there are still concerns about the effect of the measures announced by the NDRC.
 
“The alloys markets will strengthen, but how long can the robust market be sustained is unclear,” the manganese trader said.
 
“We are worried about whether the policies can be fully implemented or how much end demand for steel products can be added,” he added.
 
Despite improving market sentiment following the announcement of the stimulus, China’s ferro-silicon prices are not showing any signs of a recovery, having been declining since the beginning of this year, mainly due to weakened steel demand, a restart of furnaces in Ningxia Hui autonomous region and lower power costs in some production hubs.
 
“Most ferro-silicon producers are still cautious after the announcement because they are not sure these will be carried out in different cities,” a Chinese ferro-silicon trader said.
 
Another ferro-silicon trader told Fastmarkets that the current spot market was largely affected by news of crude steel production cuts, which caused downstream buyers to put in lower bids.
 
The same source added that even though the spot market was slightly boosted by rising ferro-silicon futures, the actual number of deals remains thin, and the market is still, by and large, oversupplied.
 
Imminent production cuts in crude steel output for the rest of 2023 are a bigger factor tempering the outlook of market participants in ferrous sectors, according to a second Singapore-based trader.
 
Market chatter regarding the production curbs emerged in mid-July after data showing China’s crude steel output in the first half of 2023 was published.
 
China produced 536 million tonnes of crude steel in the first six months of this year, up by 1.3% from a year earlier. fastmarkets
  • [Editor:kangmingfei]

Tell Us What You Think

please login!   login   register
Please be logged in to comment!
主站蜘蛛池模板: 大名县| 迁安市| 稷山县| 青岛市| 从化市| 吉林市| 明光市| 甘肃省| 盱眙县| 亳州市| 青铜峡市| 长兴县| 威信县| 澎湖县| 盖州市| 齐齐哈尔市| 藁城市| 鄂托克前旗| 桂东县| 武威市| 区。| 兰州市| 吴川市| 花垣县| 襄城县| 松溪县| 乌兰察布市| 昭觉县| 红原县| 延安市| 陇南市| 石泉县| 营口市| 南召县| 高邮市| 公主岭市| 册亨县| 和平区| 云浮市| 五峰| 阳原县|