In the first week of Jinjiu, the total hot rolling inventory did not accumulate! At present, the fundamentals of hot coil have improved, rigid demand has been released one after another, coupled with low inventory and the normal support of environmental protection, hot rolling prices have performed well in the demand verification phase, and prices have begun to rebound after two weeks of correction (as of today, The national average price rose 13.4 to 4351.4), but due to the concentration of resources and the interference of the Sino-US trade war, the short-term sharp rise in prices is relatively insufficient.
According to the documents of the Anyang Municipal Environmental pollution Prevention and Control headquarters Office, from today on, enterprise pollution control measures will be implemented for Anyang industry, among which the main measures for the iron and steel industry are, and the main measures for Anyang Iron and Steel Co., Ltd. The production load of sintering machine and blast furnace was reduced, and the production of two 35 ton converters stopped for 8 hours from 0: 00 to 8: 00 on the 6th and 8 hours from 1: 00 to 9: 00 on the 6th, respectively. The production of 2 sintering machines and a converter was shut down for 8 hours from 00: 00 to 8: 00 on the 6th in Anyang Xinpu Iron and Steel Plant. According to SMM iron and steel research, Anyang Iron and Steel Co., Ltd. has been implemented in accordance with the document to limit production, mainly affecting the production of long steel. Affected by environmental protection and production restrictions this month, production fell by 130000 tons, including 30, 000 tons of long wood, 30, 000 tons of hot rolls, 10, 000 tons of profiles and 15000 tons of medium plates.
[inventory data]
Hot rolling national total inventory (factory warehouse + social warehouse) fell slightly this week, month-on-month ratio of-0.2%, year-on-year + 4.9%. Among them, the social inventory increased slightly, and the factory warehouse decreased slightly.
Social inventory: hot rolled social stocks slightly increased this week, month-on-month + 0.3%, year-on-year-0.04%. Mainly due to the improvement in transactions this week, but due to the concentration of resources to Hong Kong, the overall inventory increased slightly.
In terms of arrival, in the early period of the rise, prices in East China and other places were relatively high, attracting demand increments from all sides, but affected by Typhoon Rain Water climate, the speed of delivery of resources was blocked, and resources were concentrated in Hong Kong this week.
On the demand side, rigid demand was released at the beginning of the month, coupled with the confirmation and verification of Tangshan production restrictions in September, futures began to stop falling rebound, boosting terminal procurement confidence, market transactions improved. However, with the expansion of the current price difference, speculative demand is difficult to enter, and the transaction is dominated by downstream rigid demand procurement.
Steel plant inventory: hot rolling mill warehouse fell this week, month-on-month ratio of-1.2%, year-on-year + 17.6%. Steel mill feedback early ship arrangement is more tense, the speed of resource delivery slows down, the current port finished product inventory is still more, resources are being sent out one after another.
Consult consultant Lu Qingping 021 51595781
