CN

顶部文字

Time of issue:2020-07-20 00:00:00

顶部热线

Time of issue:2020-07-20 00:00:00
search
confirm
cancel

NEWS

/
/
/
The key to the steel price trend is inventory

NEWS

catalog

The key to the steel price trend is inventory

  • Categories:Company news
  • Author:
  • Origin:
  • Time of issue:2020-07-10 10:17
  • Views:0

(Summary description)Since the second quarter of this year,the country's steel prices rise in shock.Lange Steel network market monitoring data shows that as of August 14,2018,Lange steel price composite index is 168.6 points,up 12.4 percent from March 30 this year.The long material price index is 185.1 points,up 19.3%;Plate price index is 153.9 points,up 8.6%.On August 13 this year,the rebar main contract closing ton price was 4,327 yuan,up 27.6%from March 30.

The key to the steel price trend is inventory

(Summary description)Since the second quarter of this year,the country's steel prices rise in shock.Lange Steel network market monitoring data shows that as of August 14,2018,Lange steel price composite index is 168.6 points,up 12.4 percent from March 30 this year.The long material price index is 185.1 points,up 19.3%;Plate price index is 153.9 points,up 8.6%.On August 13 this year,the rebar main contract closing ton price was 4,327 yuan,up 27.6%from March 30.

  • Categories:Company news
  • Author:
  • Origin:
  • Time of issue:2020-07-10 10:17
  • Views:0
Information
Since the second quarter of this year,the country's steel prices rise in shock.Lange Steel network market monitoring data shows that as of August 14,2018,Lange steel price composite index is 168.6 points,up 12.4 percent from March 30 this year.The long material price index is 185.1 points,up 19.3%;Plate price index is 153.9 points,up 8.6%.On August 13 this year,the rebar main contract closing ton price was 4,327 yuan,up 27.6%from March 30.
In the steel prices continue to rise at the same time,the national steel output also continues to set new highs.Statistics show that from January to July this year,the country's crude steel output of 53.85 million,a year-on-year increase of 6.3%;China's steel output reached 625.87 million tons,up 6.6%.In July,China's crude steel output reached 81.24 million tons,up 7.2%year on year.Steel output reached 95.69 million tons,up 8.0%.Based on this calculation,it is estimated that the national crude steel output in 2018 will reach 900 million tons,and the steel output(including double counting)will exceed 1 billion tons,approaching 1.1 billion tons.
Affected by these two aspects,The Chinese steel market"fear of heights"arises spontaneously.Some views from time to time caution market participants against the risk of a retreat.
Lange Steel's Chen Kexin thinks:
Comprehensive analysis of all aspects of the current situation,the steel price trend this year,the key factor or depends on its inventory status?To pay close attention to the next stage of the rise and fall of the national steel inventory,including social steel inventory and steel enterprise inventory two aspects.This is because:steel price trends must be subject to its sales.Only when there is demand can there be sales,only when there is profit,only when there is no overstock of goods,only when prices are strong and rising.If goods do not sell well,there will be a large inventory backlog.And for the need of fierce competition,is bound to pressure steel production and circulation enterprises to cut prices for sale.Otherwise,the accumulation of goods inventory,will weigh on a large number of funds,until the enterprise will be dragged down.
Market participants need not worry too much about the country's record steel production.As long as there is no abnormal increase in steel inventory during the same period,it means that consumer demand is stronger during the same period,and the increased steel production is absorbed without breaking the balance between supply and demand,so it will not cause drastic market fluctuations.
It can be seen that the inventory situation comprehensively reflects the multiple levels of market relations,and is indeed an important leading indicator to observe and judge the future trend of steel prices,and there is a clear logical relationship between them.

Scan the QR code to read on your phone

Ningxia Yuandaxingbo Chemical Co., Ltd. to Introduce Innovative Thiourea Derivative Product in November 2023
October 2023 – Yinchuan, China – Ningxia Yuandaxingbo Chemical Co., Ltd., a company at the forefront of the chemical industry, has made substantial investments since June 2023, in constructing a state-of-the-art production line for guanidine derivatives at the specialized industrial incubation zone in the Lanzhou New Area Chemical Park, Gansu Province. This initiative aims to introduce innovative guanidine derivative products into the market, including aminosulfuric guanidine and thiourea derivative, addressing the ever-growing market demand.
查看详情 白箭头 黑箭头
Steel prices after a short - term rational callback steel market gold is still available
After entering September,the steel price started with weakness and the rise was weak,seeing that the"Gold nine"was about to fail,but I think the September steel price can still be expected.Below and listen to the author of a few positive factors.
查看详情 白箭头 黑箭头
Steel volume increased environmental restrictions on production
This week,steel mill inventory a small reduction,increased turnover,and social inventory has accumulated.On Friday,the social inventory of large steel varieties accumulated,increased by 35,900 tons to 9,982,300 tons month on week,among which the inventory of rebar decreased by 56,400 tons to 4,3222,200 tons.The main inventory varieties of wire and plate increased by 591 tons,36,300 tons to 1,37.87 tons and 999,900 tons respectively.
查看详情 白箭头 黑箭头

CONTACT

Address: Room C602、603, 6th Floor, Unit B, Yinchuan International Trade Center, Yinchuan, Ningxia, China
Contact:Zhiwei Chang       

M/P:0086-013909510736
TEL:0086-0951-6191082      

FAX:0086-0951-6191083
E-mail:
czw816@163.com     

Http:www.nxydchem.com

MESSAGE

Username used for comment:
客户留言
Description:
验证码

底部

Time of issue:2020-07-21 00:00:00

© 2020 Ningxia Yuanda Xingbo Chemicals Co., Ltd.,   宁ICP备07000761号  Powered by www.300.cn

Online customer service
Customer service hotline
0086-951-6191082
Service time:
8:00 - 18:30
Customer service group:
service