Stock support for ductile iron manhole cover prices is weakening
Beijing plate prices this week have been steadily weakening. According to statistics from Lange Steel Network: As of press time, this week Beijing Jingye, Wenfeng, and Puyang plate prices were 4340 yuan (ton price, the same below), which was 10 yuan lower than the same period last week and unchanged from the same period last month. The renewed impact of the Sino-US trade war, lack of confidence in downstream procurement, and weakened demand.
According to local traders, this week's overall shipments were poor, with large households shipping an average of about 100 tons per day, and small households shipping dozens of tons. The market's trading atmosphere was light, causing prices to fall slightly. According to authoritative statistics from Lange Iron and Steel Network, the average daily plate production of Tianjin, Hebei, Henan and Henan plate mills is 58,000 tons, and the capacity utilization rate is 90%, which is an increase of 1% from the previous week. The daily output of individual steel mills will decrease next week.
Under the situation of high recovery rate and weakening demand, the plate has been weak in rising in the past two weeks, coming out of a narrow decline. In terms of inventory, this week's Beijing plate stocks are basically the same as last week, while domestic plate stocks have now turned from falling to rising, with a total inventory of 853,000 tons, which is an increase of 19,000 tons from last week. Support for the price of cast iron manhole covers is gradually weakening, and market prices next week need to be cautious. In summary, it is expected that Beijing's plate will continue to show a stable and narrow consolidation trend next week.