The US CPI data for May, which has received a lot of attention from the market, was released. The data showed that the U.S. CPI growth in May ushered in the “eleventh consecutive drop”, the year-on-year rate of increase fell back to 4%, the smallest year-on-year increase since April 2021, lower than the market expectations of 4.1%. The Federal Reserve is expected to keep interest rates unchanged in June. As of today, the USD to RMB exchange rate is: 1 USD = 7.158 RMB. The exchange rate is relatively stable this week and is suitable for buying Chinese products abroad.
At present, China pig iron prices are mainly stable and up, with transactions generally slow. The average price of pig iron L8-L10 in 10 cities is RMB3073/ton, up RMB5/ton compared with the previous trading day; the average price of ductile iron Q10 in 8 cities is RMB3288/ton, up RMB8/ton compared with the previous trading day; the average price of foundry pig iron Z18 in 10 cities is RMB3344/ton, stable compared with the previous trading day. As a professional supplier, Dingsen keeps an eye on the price of pig iron. Our hot cast iron products are cast iron pipe of EN877，SML single branch,flange pipe .
At present, stainless steel prices tend to stabilize in the short term, the production of steel mills as well as scheduling are in the ring to reduce, for the control of spot resources shipped, the arrival of less than expected, the amount of distribution is also relatively small, traders inventory pressure is not large, basically maintain the status quo shipments. Stainless steel products have also been selling well recently, like our best-selling products, stainless steel clamps and some new products like 304/316L Reducer coupling, EN10312 Female Thread Tee.
Post time: Jun-14-2023