I. International pig iron market
(1) In May, the global total output of pig iron for blast furnaces increased significantly.
It can be clearly seen from Figure 1 and Figure 2 that in May 2006, the global pig iron output of blast furnaces was 75,059 kilotons, which was greatly increased compared with that of 70,336 kilotons in April, while the output of direct reduced iron decreased slightly. As the international pig iron price continues to rise, the pig iron production capacity has been released obviously, with a large increase, and the total output has reached a record high.
In June, the pig iron market in East Asia remained strong and the price continued to climb. On June 2 1, MMTC, an Indian state-owned enterprise, held a tender to sell 30,000 tons of pig iron shipped in August. Swiss steel trader AG won the bid with the highest price of US$ 333.33/ton (FOB), Singapore company MTPL offered the second highest price of US$ 328.65438/ton, and British Stemcor offered 3 13. The bid price of this tender is nearly 16 USD higher than the highest bid price of MMTC on May 9, and nearly $3 USD higher than the price of Vizag Steel Plant in India in June 1 1, indicating that the price is still on the upward trend. At the same time, through simple transformation, we can infer the C& of Swiss companies. The price is about 365-370 USD/ton. The price of 30,000 tons of pig iron in Neelachal Ispat Nigam, Orissa, India is also $333.33/ton (offshore Paradip). Last week, Vizag Steel traded 25,000 tons of pig iron at a price of $330 per ton (FOB Vizag). The domestic pig iron price in India also rose to 13500- 14500 rupees/ton, higher than the previous 12500- 13500 rupees/ton. At present, there is no C & ampF365-370 USD/ton in East Asia, but the current market price is moving towards this price. China's export price rose to US$ 360-365/ton (FOB), which was consistent with the previous CIF price of Japanese imports. In South Korea, some electric furnace steel manufacturers are trying to buy pig iron at a high price of $ 355-360/ton (C & ampf), but there is no deal. China Taiwan Province Electric Furnace Steel Plant seeks to pay 359 USD/ton (C & ampf) and there is no news about the price negotiation with Russian Kuznetsk Iron and Steel Company on pig iron import. At present, the export price of pig iron from Kuznetsk Iron and Steel Company to East Asia is 355-360 USD/ton (C & ampf) has become a thing of the past, and the price of the newly signed agreement must be above 360 USD/ton.
While prices are rising, buyers' recent purchases are limited, and Nippon Steel of Japan is the only active buyer in East Asia. Nippon Steel actively purchases imported pig iron, which has been reflected in Japan's pig iron imports in April. According to the statistics of the port of arrival, Kisarazu reached 28,900 tons, including 4,880 tons in China, 0/4800 tons in India, and 92/0/0 tons in Russia. Oita Port is 26,700 tons, India is 6,737 tons, and Russia 1.99 million tons. Nippon Steel recently purchased nearly 60,000 tons of pig iron from China at a price of about 340 US dollars/ton (FOB), which is equivalent to 360 US dollars/ton (C & ampf). But so far, we have not obtained the pig iron purchasing information of Posco Steel Company.
In Europe, Kosice, the European branch of American steel company, stopped selling commercial pig iron on June 1 day, thus reducing the supply in the Eastern European market by 30,000 tons/month. Kosice said that the total output of the company will not be affected by the use of pig iron within the group. In addition, the continuous shutdown of blast furnace in Brazilian ferrous metallurgy company also led to a shortage of pig iron supply. Although some pig iron production was lost, the European market price remained stable. Two weeks ago, the price of pig iron for steelmaking in Russia was 335-340 USD/ton (fob Kaliningrad). Although one of the three blast furnaces in Tulachermet, Russia's largest pig iron producer, stopped production for maintenance ahead of schedule, it lost 50,000 tons of output in June and did not push up the price. The price of pig iron in the United States is rising, but the price of scrap steel in Europe is low, so the price of pig iron will not rise.
In February and June, the domestic pig iron market was moderate and strong, and the overall transaction was active.
In June, the domestic pig iron market basically maintained a moderate and strong trend, and prices in most areas rose to a certain extent. The delivery of iron works is in good condition, steel mills around the country are actively purchasing, and the overall market transactions are more active. Although the prices of steel and billet continued to fall after the middle and late June, the prices of scrap steel also fell slightly, which put some downward pressure on the prices of pig iron. However, due to the general shortage of steel mills, the demand for pig iron is still relatively strong. In addition, the rising price of ore and coke and the increase of freight cost also make the cost of pig iron rise, and the impact of price reduction has not yet appeared, and the pig iron market in various places is still firm. The performance of the main areas is as follows:
Hebei market: Driven by the increase in local billet and ore prices in the first half of this month, Hebei market prices showed a rapid upward trend, and transactions became more active, and manufacturers were reluctant to sell. However, the continuous decline in the price of billet in Hebei in the middle and late period also affected the pig iron market. In this case, traders no longer wait and speed up the sales of products, and the signs of the iron market rushing back began to appear. By the end of this month, the price of steelmaking pig iron in Wu 'an area is 2 160-2 180 yuan/ton, and the price of cast pig iron (18#) is 2,300 yuan/ton; The price of steelmaking pig iron in Tangshan area is 2250-2300 yuan/ton.
Shandong market: This month, the Shandong market continued to maintain a stable and strong trend. Due to the sharp price increase of steel in the early stage, the full release of steel production capacity was stimulated, which in turn stimulated the shortage of pig iron resources and the gradual increase of prices, and the ex-factory price of iron works continued to rise. Especially after the announcement of the result of iron ore negotiation rising 19%, the price rose to more than 2300 yuan/ton. However, with the continuous decline of steel and billet prices after the middle and late June, the situation in iron and steel smelting, Shandong Province, which has been crazy for nearly two months, has changed dramatically. Near the end of the month, the price of iron works is no longer firm, the inventory begins to increase, and the trend of price reduction is becoming increasingly clear.
Shanxi market: The market situation in Shanxi is good this month, and the overall transaction is more active. Affected by the rising price of pig iron in Shandong, some steel mills in Jiangsu and South China turned to Shanxi to purchase resources, greatly amplifying the demand for pig iron. Because some businesses are optimistic about the market outlook, they began to hoard goods for growth, and the phenomenon of reluctance to sell was serious. At the same time, the slight increase of coke price has also played a strong role in promoting the slight increase of Shanxi pig iron price, but the shortage of transportation still caused great trouble. By the end of the month, the ex-factory price of iron and steel smelting in Yicheng area is 2070-2 100 yuan/ton, and the ex-factory price of cast iron is 2 150-2200 yuan/ton.
Northeast market: the northeast market is relatively stable this month, and the price of pig iron basically has no obvious fluctuation. Northeast China is rich in iron ore resources, which is less affected by the international iron ore price increase and has a certain price advantage. By the end of the month, domestic prices were generally bearish on the market outlook, the northeast pig iron market weakened slightly, the trading volume decreased, and the market wait-and-see atmosphere was strong, but prices remained firm in most areas. At present, the price of pig iron in Northeast China is basically maintained at 2 150-2 180 yuan/ton, and the price of cast pig iron is 2,300-2,350 yuan/ton.
Southern market: pig iron resources in the southern market are relatively tight this month. Because there are not many local iron works, Southern Steel Works originally purchased pig iron from Yunnan. However, because the tension of railway transportation has not been alleviated, it is difficult to transport a large amount of pig iron abroad, which makes the normal procurement of steel mills encounter certain resistance and the procurement pressure is generally greater. In order to ensure the normal production in the factory, some steel mills have to choose high-priced pig iron from Shanxi and Shandong under the condition of low inventory. By the end of the month, the purchasing price of pig iron for major steel mills in the south was basically 2280-23 10 yuan/ton (from Yunnan), and the purchasing price of resources in the north was 2340-2380 yuan/ton, which was significantly higher than that of last month.
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