It is reported that as of June 22, the national wire, steel, hot rolled coil, cold rolled coils, plate five varieties comprehensive inventory of the total 15,740,400 tons, a decrease of 04,700 tons, a decline of 0.03%. This is the social stock of steel for the 18th consecutive weekly decline, more than in 2008 when the maximum "to the inventory cycle (it was a fall of 17 weeks). However, last week's inventory to maintain the downward trend really very reluctantly, compared with 17 weeks of 0.39% decline, and this decreased by only 0.03%, can be described as substantially narrowed. Seems from the overall steel market, inventory growth gradually rising, "to the inventory seems to be facing" bid farewell to the stage. "
Specific to the plate varieties of the social stock rising in nearly two weeks, incremental 13,000 tons and 27,600 tons respectively, as shown below, in the same period last year, the social stock of the plate is still in come crashing down. So, what induced plate inventory against the crowd and rise? Is a bargain-hunting behavior of the steel trade, or the positive delivery of the steel mills?
Steel mills focus on lower prices caused by ordering the tide
Took the lead down plate products in the July futures price since June 10, Baosteel, the medium and small steel mills to follow suit cut, which also makes the domestic plate prices and the market prices both dropped to the low of the year, and now not only the market price less than 4000 yuan / ton in North China's Tianjin, Tangshan, Handan, Shijiazhuang, even in East China second-tier mainstream resources on the verge of even the actual transaction in 4000 under this mark, which since 2010 there has never been the case in late May, and now today the prices of raw materials, labor costs and so on than that time has improved dramatically, so this the occasion of the significant downturn in the steel price, some traders that can add some inventory.
Plant inventory high needs of the steel trade "reservoir"
Production from March to May this year, plate yield followed by 640,635.7 and 6.019 million tons, a total of 18.776 million tons, in control last year, 3-5 followed by 653.9,621.6, and 6.766 million tons, a total of 19.521 million tons this year than the same period last year cut 745,000 tons of plate per day in May and June 2011 respectively, 21.83 and 220.9 thousand tons, respectively, came in last year's daily output of the first and second, the other hand, the daily production in May of this year only 194,200 tons, into the steel maintenance after June, I believe that the daily output is still below 200,000 tons. Steel is the reason why earlier this year into the overhaul of limited production, it is not difficult to speculate on its overcapacity, high inventory, the more capacity the more loss of situation, too large a plant inventory urgent steel trade enterprise to play a "reservoir" function to help digestion.
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