[SMM exclusive] the stainless steel industry PMI composite index fell sharply in April and continued to fall in May.-Shanghai Metals Market

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[SMM exclusive] the stainless steel industry PMI composite index fell sharply in April and continued to fall in May.

Translation 04:03:13PM May 08, 2019 Source:Shanghai Nonferrous Metals Network

SMM, May 8 / PRNewswire-Asianet /-

The final value of PMI composite index of stainless steel industry in April was 39.81%, which was lower than the withered line, 26.82% lower than March and 5.89% lower than expected. The production index in April was 32.11%, which was 50.49% lower than in March and 17.56% lower than expected. The decrease in production index was mainly due to the recent poor profit performance of 3 series stainless steel, and some mainstream steel mills turned some 300 series to 200 series. The purchasing volume index in April was 31.44%, down 32.94% from March, on the one hand, dragged down by the reduction in production, and on the other hand, because stainless steel plants were pessimistic about the price of raw materials in the later period and were relatively cautious in purchasing. Maintain the inventory cycle at a low level since the end of the year. The index of new orders in April was 29.08%, down 50.40% from March and 6.72% lower than expected. Demand for stainless steel was flat during the month, and the sequelae of oversupply caused by high production in March are still very obvious. As a result, the order situation of stainless steel plant is in the doldrums. The product inventory index in April was 60.26%, an increase of 18.37% over March. The stainless steel market shipment was not good within the month, and the high inventory in the factory was difficult to digest.

In May, the initial value of PMI composite index of stainless steel industry was 36.46%, which was still lower than the withered glory line. First, on the production side, the initial production index in May was 32.83%. Following the initial signs of production reduction in stainless steel plants in April, the effect of production reduction in May will continue, so the decline in production will be even greater. The initial value of the new order index in May is 18.97%. Recently, the supply of 300 series stainless steel exceeds demand obviously, the inventory is difficult to digest, and the demand is difficult to have the opportunity of obvious boost, so the order situation of stainless steel plants in May is generally poor. If the stainless steel plant production reduction can improve the shipping situation, the basic need to wait until June to see the effect. The initial value of the purchasing volume index in May was 42.44%, which was lower than the withered line, which was mainly related to the reduction in the production of 3-series stainless steel, but its purchasing enthusiasm would be boosted by the repair of stainless steel profit level. As a result, the figure is expected to pick up somewhat from April.

             

(for detailed data, please consult SMM, if you think it is valuable, please move your finger to help forward it! )

"Application for trial of PMI composite index report for downstream industries

Welcome to the big data-Ni team of Shanghai Color Network:

Shanghai Color Network big data-Ni Liu Yuqiao

Tel: + 86 21 5166 6804

Shanghai Color Network big data-Ni Gao Yin

Tel: + 86 21 5166 6865

Shanghai Color Network big data-Ni Duan Chunjing

Tel: + 86 21 5166 6896

Shanghai Color Network big data-Ni Wang Tong

Tel: + 86 21 5166 6855

Shanghai Color Network big data-Ni Wu Ruoyao

Tel: + 86 21 5159 5864

[SMM exclusive] the stainless steel industry PMI composite index fell sharply in April and continued to fall in May.

Translation 04:03:13PM May 08, 2019 Source:Shanghai Nonferrous Metals Network

SMM, May 8 / PRNewswire-Asianet /-

The final value of PMI composite index of stainless steel industry in April was 39.81%, which was lower than the withered line, 26.82% lower than March and 5.89% lower than expected. The production index in April was 32.11%, which was 50.49% lower than in March and 17.56% lower than expected. The decrease in production index was mainly due to the recent poor profit performance of 3 series stainless steel, and some mainstream steel mills turned some 300 series to 200 series. The purchasing volume index in April was 31.44%, down 32.94% from March, on the one hand, dragged down by the reduction in production, and on the other hand, because stainless steel plants were pessimistic about the price of raw materials in the later period and were relatively cautious in purchasing. Maintain the inventory cycle at a low level since the end of the year. The index of new orders in April was 29.08%, down 50.40% from March and 6.72% lower than expected. Demand for stainless steel was flat during the month, and the sequelae of oversupply caused by high production in March are still very obvious. As a result, the order situation of stainless steel plant is in the doldrums. The product inventory index in April was 60.26%, an increase of 18.37% over March. The stainless steel market shipment was not good within the month, and the high inventory in the factory was difficult to digest.

In May, the initial value of PMI composite index of stainless steel industry was 36.46%, which was still lower than the withered glory line. First, on the production side, the initial production index in May was 32.83%. Following the initial signs of production reduction in stainless steel plants in April, the effect of production reduction in May will continue, so the decline in production will be even greater. The initial value of the new order index in May is 18.97%. Recently, the supply of 300 series stainless steel exceeds demand obviously, the inventory is difficult to digest, and the demand is difficult to have the opportunity of obvious boost, so the order situation of stainless steel plants in May is generally poor. If the stainless steel plant production reduction can improve the shipping situation, the basic need to wait until June to see the effect. The initial value of the purchasing volume index in May was 42.44%, which was lower than the withered line, which was mainly related to the reduction in the production of 3-series stainless steel, but its purchasing enthusiasm would be boosted by the repair of stainless steel profit level. As a result, the figure is expected to pick up somewhat from April.

             

(for detailed data, please consult SMM, if you think it is valuable, please move your finger to help forward it! )

"Application for trial of PMI composite index report for downstream industries

Welcome to the big data-Ni team of Shanghai Color Network:

Shanghai Color Network big data-Ni Liu Yuqiao

Tel: + 86 21 5166 6804

Shanghai Color Network big data-Ni Gao Yin

Tel: + 86 21 5166 6865

Shanghai Color Network big data-Ni Duan Chunjing

Tel: + 86 21 5166 6896

Shanghai Color Network big data-Ni Wang Tong

Tel: + 86 21 5166 6855

Shanghai Color Network big data-Ni Wu Ruoyao

Tel: + 86 21 5159 5864