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Production Slows Down Inventory Rises
Sep 03, 2018

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Statistics show that in August, due to high temperature and rainy weather, environmental protection and production restrictions and raw material prices, the growth rate of steel mill production has slowed down, and some orders have been delayed. The production index for August was 50%, down 6.7 percentage points from the previous month.


At the same time, steel mills have a strong willingness to stock up, laying the foundation for the next production. In August, the raw material purchase volume index was 56.6%, up 6.6 percentage points from the previous month; the raw material import index was 54.5%, up 2.3 percentage points from the previous month; the raw material inventory index was 52.1%, down 2.0 percentage points from the previous month, in the extended range.


In addition, the new orders index for August was 58.1%, down 0.6 percentage points from the previous month. Judging from the monitored data on the procurement of Shanghai terminal terminal snails, the average daily purchase volume of the Shanghai snail terminal in August decreased by 18.35%, a significant drop.


In August, as market demand continued to expand, production growth slowed and market supply was tight, so inventory products accelerated into the market. In August, the finished product inventory index was 40.2%, a sharp drop of 6.7 percentage points from the previous month, and it was in the contraction interval for five consecutive months.


In terms of steel plant inventory, according to the China Iron and Steel Association statistics, at the end of August, the inventory of steel products of key enterprises was 11.914 million tons, an increase of 505,600 tons, an increase of 4.42%. In the middle and late August, with the accelerated expansion of demand, steel mill inventory accelerated consumption.


In terms of social inventories, steel traders tend to increase their inventories due to the current high steel prices and the market's optimism about the market outlook. According to the statistics of China Steel Association, in August 2018, the total social stocks of steel products in five major categories of 20 cities in the country increased slightly from last month. In August, the total inventory was 9.42 million tons, an increase of 160,000 tons, up 1.7%. The total inventory of steel products was 8.6 million tons, an increase of 170,000 tons, up 2.1%, and the port inventory was 820,000 tons, a decrease of 20,000 tons. , down 2.2%.


Steel companies have increased cost pressures. In August, the purchase price index of raw materials was 61.7%, up by 5.5 percentage points from the previous month and at a relatively high level. As of August 29, the ex-factory price of ordinary carbon billet in Tangshan area was 4,070 yuan / ton, up 270 yuan / ton from the end of last month; the scrap price in Jiangsu was 2,290 yuan / ton, up 70 yuan / ton from the end of last month; Shanxi The price of secondary coke in the region was 2,390 yuan / ton, up 540 yuan / ton from the end of last month; the price of 65-66 grade dry iron powder in Tangshan was 755 yuan / ton, up 80 yuan / ton from the end of last month.




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    Zhejiang Zhonggang Mining Co.,Ltd
    Add:Fl19th,Huameng Business Plaza, No.2 Chezhan Road, Lucheng District, Wenzhou, Zhejiang Prov
    Tel:+86-0577-86008557
    Mob:+8613600679430
    E-mail:marketing@zjzgsteel.com
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