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Currently, the power transformer market is showing a situation of "oversupply."
Release time:
2021-11-21
Currently, the power transformer market is showing a situation of "oversupply." It is expected that the domestic scrap steel market may continue to decline in the near future.
Currently, the power transformer market shows a situation of "oversupply." It is expected that the domestic scrap steel market may continue to decline in the near future. The imported raw material ore market has slightly risen this week, while coke prices remain weak and stable overall, and there has been no improvement in the downstream market, providing insufficient support for the pig iron market. The pig iron market for steelmaking remains sluggish, as the downstream steel market shows no signs of recovery, leading some steel mills to strictly control procurement, causing some idle iron plants to delay their resumption plans. The casting pig iron market quotes are relatively chaotic, but the overall trend remains weak, with varying transaction conditions in different regions of the north and south, and most iron plants are still in a state of loss. Considering all factors, there is a high possibility of a weak downward trend in certain areas of the power transformer market, while prices in some regions may stabilize. The market in North China has not changed much. The procurement policies of steel enterprises in North China have not seen significant adjustments, but with the decline in steel prices, some steel mills intend to lower their iron ore procurement prices, yet they are concerned about issues such as reduced supply, maintaining stable procurement policies. The market in Northeast China remains stable, with some local steel enterprises slightly lowering their iron ore procurement prices earlier, leading to a slight decrease in local market prices, but as the prices of imported ore continue to rise, the willingness of ore selection manufacturers in the western and eastern Liaoning regions to maintain prices has increased. The market in East China is stable, with local large mining enterprises having smooth shipments, but the difficulty in receiving payments is significant, and the enthusiasm for shipping 45# cold drawn square steel is high.
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