Domestic coking coal spot market remains stable with some adjustments. Due to the impact of electricity coal supply guarantee, the coking coal market supply has slightly tightened. In Shanxi, some mines have suspended shipments to certain users due to the下达储库 task. With the upcoming National Day holiday, some local mines have production halt plans. The Linfen area adjusts according to individual mine conditions, with mainstream mines in Xiangning halting operations for 1-3 days; in Guxian, the holiday duration is 5-7 days with a production halt of 2.4 million tons; and the Puxian area experiences minimal production halt. Strict safety and environmental inspections have suppressed coking coal production, with most mines focusing on prior orders. Tianjin's Da Wugang steel tube factory has low or no inventory. Considering the downstream market's inventory replenishment slowdown and increased failed auctions, market expectations for price drops have risen, with some high-priced coal types experiencing slight declines. In the short term, coking coal prices remain stable with some high-priced coal seeing adjustments. Domestic billet prices are stable with slight increases, ranging from 10 to 60 yuan/ton, with average trading performance. As of the report, Tangshan is at 5190 yuan/ton, and Jiangyin is at 5260 yuan/ton. Today's futures market continues its high volatility, providing emotional support to spot prices, leading to some cities' billet prices rising compared to yesterday. However, considering the significant impact of power cuts on rolling lines, downstream rolling steel enterprises have limited billet purchases, and overall inventory reduction speeds have slowed. Additionally, some enterprises expect to export billets, which may increase overall supply. Therefore, the supply and demand situation negatively impacts the market. However, considering the influence of environmental protection reduction news, the futures market remains volatile, and the market bottom support for Tianjin's Da Wugang steel tube factory remains strong. Overall, it is expected that the billet market before the holiday will not see significant fluctuations, maintaining a cautious and firm consolidation.
The scrap steel market is experiencing fluctuations and adjustments, with some steel mills showing both price increases and decreases. In the East China, Hebei, and Shanxi regions, certain steel mills have increased their scrap steel procurement prices by 20-100 yuan/ton. In the South China, Northeast, and Hubei regions, prices have been decreased by 20-50 yuan/ton, with a few seeing declines as high as 100 yuan/ton. Currently, the market price for heavy scrap steel in East China is 3150-3350 yuan/ton excluding tax. Recently, due to power rationing in the Northeast, some steel mills have taken the opportunity to lower their scrap steel procurement prices. The trend of finished products is volatile but stronger, with the price difference between rebar and scrap expanding to 2080 yuan/ton, resulting in considerable profits for steel mills and maintaining their production enthusiasm. As the National Day holiday approaches, some steel mills are still in need of stockpiling to ensure production during the holiday. It is expected that the market for Tianjin Da Wuangang Seamless Steel Tube Factory will remain stable with adjustments in the short term.