Ductile iron manhole covers: market shocks weaken
Affected by environmental supervision, the demand for iron ore market is expected to decline, port inventories rebounded slightly, and prices adjusted slightly. In the later period, the iron ore market is still in a situation of oversupply, and it is difficult for the price of iron ore to rise sharply, and it will still show a relatively stable trend. Regarding the import price of iron ore, due to the restrictions on the production costs and transportation costs of international miners, it is difficult for the price of iron ore to fall in 2018.
Since May 2018, the steel inventories of domestic large and medium-sized iron and steel enterprises have continued to decline. According to the statistics of the China Iron and Steel Association, the inventory of key domestic steel enterprises in the middle of May 2018 was 13.9194 million tons, a decrease of 673,800 tons compared with that in mid-April. 4.62%. At the same time, the domestic social steel stocks have dropped significantly. According to the monitoring data of Lange Steel's cloud business platform, at the end of May 2018, the domestic steel social inventory was 9.633 million tons, a decrease of 25.14% month-on-month and an increase of 5.73% year-on-year; of which 1.119,400 tons of wire rod, a decrease of 34.07% month-on-month and an increase of 14.71% year-on-year; 4,569,100 tons, down 30.81% month-on-month, up 37.64% year-on-year; hot-rolled 1.679 million tons, down 14.82% month-on-month, down 23.40% year-on-year; cold-rolled 820,100 tons, down 3.69% month-on-month, and 22.59% year-on-year; Tons, down 6.48% month-on-month and down 21.46% year-on-year.
To sum up, the domestic steel market in June became weaker, the economy was stable and better, the structure was continuously optimized, real estate investment was picking up, infrastructure investment was slowing down, the manufacturing industry was steadily increasing, costs fluctuated slightly, steel profits were greatly increased, and there was a strong willingness to increase production. With increasing supply pressure, high temperatures in the north, continuous rain in the south, low season demand coming, insufficient market confidence, and the steel market shocks weakening.