The price of ductile iron manhole covers rose sharply this week
The prices of ductile iron manhole covers rose sharply this week. In May, outdoor start-up projects continued to increase, terminal demand continued to be released, and slab prices have continued to increase so far during the long holiday period, driving the market's operating sentiment. The downstream has been actively replenishing stocks, and the overall atmosphere has been active, pushing the spot market price higher. Weak, spot highs have obvious sidelines, but the overall mentality is still warm.
In terms of inventory, steel mills from around the country have arrived after the holiday. The shortage of goods in the market has eased. Inventories in individual markets have shown a slight upward trend, but the overall resource pressure is still not great. As for policy, the non-heating season steel mills have limited production. Normalization, the degree of supply-side release is very limited, and manufacturers are more willing to support prices. In the market outlook, the contradiction between supply and demand fundamentals has continued to ease, and favorable factors have been supported. , The trend is mainly strong.
Recently, the operating rate of domestic steel companies has gradually stabilized. Compared with the situation in which the supply of steel products has rebounded significantly in the early part of the period, from late April to early May, the wave of resumption due to production restrictions in the heating season has basically subsided. In addition to limiting production due to environmental factors, most steel mills have entered the normal production rhythm, and some steel mills have temporarily stopped production and overhauled for a short duration, maintaining within 10 days, which has limited impact on the overall supply. From the current point of view, the pressure of steel companies' own inventory has eased compared with the previous period, coupled with the release of terminal demand, the south has not yet entered the rainy season, and short-term steel companies are less willing to overhaul, and the operating rate may remain stable.