As we approach the Spring Festival, Dingsen is closely monitoring the fluctuations of the futures market and keeping track of financial changes. Despite the downward pressure on futures prices due to Australian coal imports, our iron ore and rebar futures are remaining strong and maintaining a positive trend. Following suit, “double coke” has also rebounded and is on an upward trajectory.
During the holiday season, the Chinese government has been actively promoting economic development and maintaining a favorable macro policy which has helped to stabilize prices. Additionally, the recent decrease in US inflation and potential slower interest rate hikes by the Fed has also contributed to a positive outlook for the international financial market. Moving forward, we anticipate that the spot market for “double coke” may stabilize with a possible increase in the rate of blast furnace operation. However, we will continue to monitor any fluctuations in iron production and the impact of iron ore prices on other futures varieties.
As a professional supplier, Dingsen is committed to providing high-quality cast iron products such as EN877 cast iron pipes, SML single branch fittings, and grooved concentric reducers.
Post time: Feb-13-2023