It is reported that pig iron market in Harbin run stable recently and the mainstream quotation rose up and the turnover was good.

Quotation of conversion pig iron was CNY 4850 per tonne to CNY 4900 per tonne and reached to CNY 5100 per tonne of some manufacturers. The mainstream quotation of 18# foundry pig iron was CNY 5150 per tonne to CNY 5200 per tonne acceptance price of some manufacturers reached to CNY 5400 per tonne and CNY 5450 per tonne for 22# foundry pig iron.

As per report, pig iron market turnover in Harbin was good recently. Spot pig iron resources were in slight shortage. The cost of pig iron began to increase pulled by the coke price rising earlier. Pig iron plants transferred the cost to downstream by raising prices. Some merchants said it is difficult for pig iron price to rise later due to downstream steel market in Beijing will be restricted and the resources inventory pressure of its surrounding areas will be increased.