Supply and demand levels of ductile iron manhole covers in May will remain tightly balanced
In May, the supply and demand level of the ductile iron manhole cover market will remain in a tight balance. From the perspective of demand, the real estate industry is affected by policy adjustments, but May is still a traditional consumer season. It is expected that downstream demand will continue to maintain a good momentum in the short term. Need to pay attention to the impact of the weather, the southern rainy season is coming. From the perspective of supply, after the industry's production limit is over, the operating rate of enterprises is gradually increasing, and output will increase.
However, due to non-heating season production restrictions in Tangshan, Handan and other places, the output speed and quantity will be lower than expected. Overall, supply and demand continued to be tightly balanced in May, but the growth rate of demand in the later period decreased. Short-term steel prices will remain volatile and strong, but the upside may be limited.
In terms of iron ore, although the port inventory has fallen below 160 million tons, the inventory pressure is still high, and the inventory of steel companies is low. As the company resumes production, there will be a new round of stocking needs. Pulling effect, but because the steel companies resume production less than expected, the demand for iron ore has also decreased. In the medium and long term, the huge iron ore inventory will always curb price increases, and the overall performance of ore prices will fluctuate.