Steel prices rise, coking coal futures up more than 6%

◎ Steel billets: On the 21st, direct sales of steel billets in Tangshan were average. Warehouse spot prices were reported at 3,130 yuan per ton (including tax) ex-warehouse. Downstream finished steel products mainly saw price increases, with some varieties seeing increased transactions at lower prices. The ex-factory price of ordinary square billets in Qian'an, Tangshan, was adjusted upward by 20 yuan per ton (including tax), reported at 3,060 yuan per ton. (Unit: yuan per ton)

◎Scrap steel: On the 21st, scrap steel prices in Shanghai rose by 10 yuan. Specific quotes: Steel plate scrap ≥8mm 2,210-2,270, steel plate scrap ≥6mm 2,170-2,210, angle, channel, and beam scrap ≥6mm 2,140-2,200, angle, channel, and beam scrap ≥2,110-2,150, heavy scrap 2,050-2,110, medium scrap sheared material 1,970-2,010, small scrap sheared material 1,810-1,870, light scrap 1,590-1,650, mixed scrap 1,530-1,570, oil chips 1,320-1,360 (excluding tax). (Unit: RMB/ton)

◎Pig iron: On the 21st, some domestic pig iron prices for steelmaking were adjusted upward. Linfen 2690, Wuan 2650, Tangshan 2680, Laiwu 2620, Linyi 2620, Fujian 2590, Inner Mongolia 2480, Kunming 2420, Xinjiang 2280, Liaoyang 2690, Hubei 2570. (Unit: RMB/ton)

◎Coke: On the 21st, the spot coke market at ports remained stable. Port trade and road transport to ports were generally lackluster, with inventories at both ports weaker than the previous working day. Rizhao Port decreased by 3 at 40, Qingdao Port remained unchanged at 80, with total inventory at both ports totaling 120, a decrease of 2 from last week. Current port prices for various types of coke are as follows: Trade cash-on-delivery prices: Grade 1 coke spot price 1,270 yuan/ton, Grade 2 coke spot price 1,370 yuan/ton, coke particles spot price 1,110 yuan/ton, coke fines spot price 920 yuan/ton.