1. The national social inventory of steel has rebounded slightly, the decline rate of building materials inventory has slowed down, and the inventory of plates has changed from decline to rise.
At present, China’s steel social inventory has increased slightly after falling for 8 consecutive weeks. According to the monitoring data of jute steel pipe cloud business platform, on May 6, 2022, the national social stock index of steel was 158.3 points, up 0.74% from last week, down 6.35% from last month and up 2.82% from the same period last year. Among them, the social stock index of building materials was 236.7 points, down 0.10% from last week, 2.89 percentage points slower than last week, 8.74% lower than last month and 3.60% higher than the same period last year. The sheet metal social stock index was 95.1 points, up 2.48% from last week, down 1.18% from last month and up 1.30% from the same period last year.
The biggest geopolitical change in the world recently is the Russian Ukrainian war. Because of various factors, the Russian Ukrainian war is difficult to end in a short time. Even after the end, the world economy, trade, currency and other patterns will undergo major changes, which will have a far-reaching impact on the steel market.
According to the monitoring data of jute steel pipe cloud business platform, the price changes of raw steel fuel and steel in 17 categories and 43 specifications (varieties) in some regions of China in the 19th week of 2022 are as follows: the price of main steel market fluctuated and rose. Compared with last week, the rising varieties increased significantly, the flat varieties increased slightly, and the falling varieties decreased significantly. Among them, 23 varieties rose, 22 more than last week; 12 varieties were flat, 4 more than last week; Eight varieties fell, down 26 from last week. The domestic steel raw material market was shaken and consolidated, the price of iron ore fluctuated slightly, the price of coke fell steadily by 100 yuan, the price of scrap steel rose steadily by 30 yuan, and the price of billet rose by 20 yuan.
At present, affected by the repeated outbreaks in many places, the conflict between Russia and Ukraine and the Fed’s interest rate increase, the downward pressure on the domestic economy has further increased, and the manufacturing industry is facing the dual pressure of supply shock and shrinking demand. With the gradual emergence of the effect of epidemic prevention and control in China, all departments have made every effort to implement measures to ensure smooth freight logistics. At the same time, the implementation of zero tariff on imported coal has also promoted energy supply and increased supply. Under the guidance of the state’s comprehensive strengthening of the construction of modern infrastructure system, the domestic economy has a strong stabilizing power and room for improvement in the later stage. For the domestic steel market, the impact of epidemic control on project progress and manufacturing industry still exists, the process of steel social inventory removal is slow, and the situation of strong expectation and weak reality continues.
Post time: May-09-2022
