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[SMM Thread Analysis] supply high "wind head positive strength", June thread supply ring ratio + 2%
Jun 6,2019 20:22CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

 

According to SMM iron and steel research, 31 steel mills that mainly produce building materials planned to produce 8.2784 million tons of rebar in June, an increase of 172400 tons over the actual output of 8.106 million tons last month, a month-on-month ratio of + 2.51%. The wire disk plans to produce 3.046 million tons, compared with the actual output of 3.0755 million tons month-on-month-0.96%, and the thread domestic trade volume thread plans to put 8.0984 million tons in June, + 2.82% compared with the month-on-month actual output of 7.876 million tons. The planned export of 180000 tons, compared with the actual export of 200000 tons month-on-month, is mainly due to the decline in foreign trade prices (the average foreign trade price in May was US $494.25, and the current foreign trade price is US $482US dollars). Under the tradeoff, steel mills chose to reduce exports.

Generally speaking, according to the SMM data model, as of today, according to the calculation of 99.7 US gold deposits, the profit of rebar in long process Plant is 405yuan / ton. According to SMM research, steel mills have reported that although the recent profit has dropped from the previous period, However, it is still maintained at about 400 to 500 yuan, so the steel mills are not willing to reduce production for the time being. As far as the region is concerned, the planned output of building materials in North China and East China increased considerably in June. Among them, due to the loosening of environmental protection restrictions, some steel mills had plans to resume production in June. On the other hand, due to the relative abundance of funds in East China, there is no financial pressure on terminal procurement, and the release of demand is still relatively stable.

[specific circumstances]

The production of threaded steel in the main steel plants in North China is 1.806 million tons, + 5.31% compared with the actual output of 1.715 million tons last month, and the actual output of 810000 tons is + 3.37% compared with the actual output of 783600 tons last month.

XG (Zhangjiakou) this month thread production of 360000 tons compared with the previous month 286000 tons month-on-month + 26%, in late May a round steel production line converted to thread, an increase of about 90000 tons, but June production line maintenance will affect some of the building materials production.

JX (Tangshan) screw thread production of 184000 tons this month, compared with the previous month 165000 tons month-on-month ratio + 12%;

JY (Shijiazhuang) screw thread production of 810000 tons this month, compared with the actual output of 810000 tons last month is basically the same;

CG (Chengde) thread production of 233000 tons this month, compared with the actual output of 249000 tons month-on-month-6.4%, the current decline in demand for building materials is not obvious, inventory also maintained at the normal level.

The output of threaded steel in the main steel mills in Northeast China is 773700 tons compared with the actual output of 789000 tons last month-1.94%, and the actual output of 180000 tons of wire disk is 18.9%-0.05% higher than that of the previous month.

LG (Lingyuan) screw thread production of 198000 tons in June compared with the actual output of 200000 tons month-on-month-1%, the steel plant is still in a state of full production;

TG (Tonghua) thread production in June 89000 tons, compared with the actual output of 89000 tons last month is basically the same;

XL (Yichun) thread production in June was 246700 tons compared with the actual production of 255000 tons month-on-month.

The actual output of 770000 tons of threaded steel in the main steel mills in Northwest China is 787000 tons compared with the previous month, which is-2.16%, and the actual output of 455000 tons is 452000 tons compared with the previous month, and the month-on-month ratio is + 0.06%.

JG (Gansu) thread production of 67000 tons in June compared with the actual production of 70000 tons month-on-month ratio of-4 per cent.

The output of threaded steel in the main steel mills in East China is 3.348 million tons, which is + 4.04% compared with the actual output of 321.8 tons last month, and the planned output of wire rod is 1.294 million tons, which is 1.338 million tons compared with the previous month, which is-3.3% compared with the previous month.

MG (Anhui): June thread production of 16.2 tons (145000 tons last month), month-on-month ratio of + 12%, the current demand for building materials is not obvious, shipping situation is OK, and the current thread profit is higher than plate and strip and superior line and other varieties.

NG (Jiangsu): June thread production of 155000 tons (162000 tons last month), month-on-month ratio of-4%, demand fell slightly, but inventories remained at the normal level;

ZT (Jiangsu) thread production in May 295000 tons (270000 tons last month), month-on-month ratio of + 9%, in the middle and late May a rod line maintenance, is expected to resume production in early June.

BX (Lianyungang) June thread production of 230000 tons (last month 220000 tons), month-on-month ratio of-8.33%, the first ten days of a rolling line maintenance affected a total of 30, 000 tons of building materials.

The output of threaded steel in the main steel mills in Central and South China is 1.5807 million tons, 1.567 million tons compared with the previous month, or 0.87 percent, and 307000 tons from the previous month, which is-1.9 percent higher than that of the previous month.

SG (Shaoguan) June thread production of 298000 tons compared with the previous month 300000 tons month-on-month ratio of-1%;

EG (Echeng) thread production in June 210000 tons (last month's actual output of 193000 tons), month-on-month ratio of + 9%;

LG (Hunan) June thread production of 235000 tons compared with the previous month 220000 tons month-on-month ratio of + 7%, because the profit of industrial wire rod is less than thread, so some industrial wire rod production line steering thread.

 

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