The price of 12Cr1MoV steel material will be fluctuated

In recent, the arrival volume of iron ore continues to be high, and the port inventory continues to accumulate. From the perspective of shipping schedule, the late arrival volume remains at a high level. However, at present, the profit of the steel mill is low, coupled with the environmental protection and production restriction, the daily consumption of the steel mill is greatly reduced compared with the previous period, and the willingness to replenish the warehouse is weak, and the iron ore price lacks strong upward momentum. It is expected that the price of 12Cr1MoV steel material will still fluctuate and operate weakly in the short term.

In terms of supply, the supply of 12Cr1MoV steel material will continue to be tight, and the probability of a substantial increase is small. At present, the overall level of demand is basically the same as that in September. In addition, it is still in the peak season of demand, and the performance of post demand will still be considerable. On the whole, it is expected that 12Cr1MoV steel material price will show a strong trend of shock.