On August 9th, the spot market for domestic steel raw materials weakened. Among them, the spot market for imported iron ore steadily weakened, the local spot market for domestic refined iron fines fell partially, the steel billet market weakened, the coke market remained weak, and the shipping market weakened again.
Specifically, the market price of iron ore imported today is weak and stable. Among them, the external disk market continued its steady growth, the market offer increased slightly, mines and spot trading platforms still have resources issued, the price continued to stabilize, but the market almost no transaction; domestic port spot market price steady weak, inquiries are slack, Demand was weak and market transactions were deserted.
In domestic mines, the domestic iron concentrate market fell sharply in some parts of the country today, among which iron ore prices in some markets in the Central and South China regions saw large declines. However, the purchase price of steel mills is temporarily stabilized. With the continuous decline of the steel market, the steel mills are losing money more and more. The steel mills have less procurement of iron powder, and the current market has a strong wait-and-see atmosphere and the market transactions are relatively light.
Today's domestic steel billet market is weak. Among them, the market prices in Guangzhou, Fujian, Tianjin, Zibo, and Shanxi declined slightly, dropping by RMB 10-40/ton. Tangshan billet prices temporarily stabilized this afternoon, but yesterday, Tangshan billet prices have dropped by RMB 30/t. At present, the market turnover continues to be in the doldrums. Businesses have different views on the market outlook. However, in the case of oversupply in the billet market, most still think that the short-term market may continue to decline.
Today's domestic coke spot market remained generally stable, and some market prices declined. Among them, the prices of coke in Jiexiu and Jinzhong markets fell by RMB 90-110/t. At present, the price of coke has dropped to a low level, and the willingness of steel makers to purchase is still not strong. With the continuous downturn in the steel market, steel mills overhaul, steel mills intend to reduce the coke inventory, continue to increase the coke pressure; At the same time, the coking coal market continued downward trend coke cost support weakened, short-term coke market mentality Still pessimistic.
Today's scrap market price is weak and steady, and individual market prices have fallen slightly. Among them, Tangshan, Chongqing and other market prices have fallen by 20-50 yuan/ton. At the same time, the scrap purchase prices of a few steel mills continued to decline, dropping by RMB 30-280/t. At present, the market atmosphere of scrap steel has improved, but the demand is still unstable, and short-term market operations still need to be cautious. Other market prices for raw materials, including steel-making pig iron, continued to hold steady, but market transactions remained light.
In terms of shipping, the sea freight market fell again on the 8th, among which, Brazil-China sea freight was US$17.762/ton, down 0.163 US$/ton (15-18 million tons); Western Australia’s China sea freight was US$6.975/ton, down 0.158 US$ / Ton (15-18 million tons). At the same time, due to the lack of new cargoes, the BDI index continued to fall on Wednesday, falling by 24 points, a decrease of 2.87%, and the decline was larger than the previous day.
Specifically, the market price of iron ore imported today is weak and stable. Among them, the external disk market continued its steady growth, the market offer increased slightly, mines and spot trading platforms still have resources issued, the price continued to stabilize, but the market almost no transaction; domestic port spot market price steady weak, inquiries are slack, Demand was weak and market transactions were deserted.
In domestic mines, the domestic iron concentrate market fell sharply in some parts of the country today, among which iron ore prices in some markets in the Central and South China regions saw large declines. However, the purchase price of steel mills is temporarily stabilized. With the continuous decline of the steel market, the steel mills are losing money more and more. The steel mills have less procurement of iron powder, and the current market has a strong wait-and-see atmosphere and the market transactions are relatively light.
Today's domestic steel billet market is weak. Among them, the market prices in Guangzhou, Fujian, Tianjin, Zibo, and Shanxi declined slightly, dropping by RMB 10-40/ton. Tangshan billet prices temporarily stabilized this afternoon, but yesterday, Tangshan billet prices have dropped by RMB 30/t. At present, the market turnover continues to be in the doldrums. Businesses have different views on the market outlook. However, in the case of oversupply in the billet market, most still think that the short-term market may continue to decline.
Today's domestic coke spot market remained generally stable, and some market prices declined. Among them, the prices of coke in Jiexiu and Jinzhong markets fell by RMB 90-110/t. At present, the price of coke has dropped to a low level, and the willingness of steel makers to purchase is still not strong. With the continuous downturn in the steel market, steel mills overhaul, steel mills intend to reduce the coke inventory, continue to increase the coke pressure; At the same time, the coking coal market continued downward trend coke cost support weakened, short-term coke market mentality Still pessimistic.
Today's scrap market price is weak and steady, and individual market prices have fallen slightly. Among them, Tangshan, Chongqing and other market prices have fallen by 20-50 yuan/ton. At the same time, the scrap purchase prices of a few steel mills continued to decline, dropping by RMB 30-280/t. At present, the market atmosphere of scrap steel has improved, but the demand is still unstable, and short-term market operations still need to be cautious. Other market prices for raw materials, including steel-making pig iron, continued to hold steady, but market transactions remained light.
In terms of shipping, the sea freight market fell again on the 8th, among which, Brazil-China sea freight was US$17.762/ton, down 0.163 US$/ton (15-18 million tons); Western Australia’s China sea freight was US$6.975/ton, down 0.158 US$ / Ton (15-18 million tons). At the same time, due to the lack of new cargoes, the BDI index continued to fall on Wednesday, falling by 24 points, a decrease of 2.87%, and the decline was larger than the previous day.
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