With the increase of wear-resistant plate manufacturers, the production of wear-resistant plate has also increased, only last month, wear-resistant plate production increased by 4 million tons, enough to see the rapid rise of wear-resistant plates. Increase in output naturally leads to changes in the price of wear-resistant plates. And wear plate inventory increased, prices are relatively lower. So what exactly is the change?
In the downstream demand is very weak at the same time, the situation started to wear plate factory imported upstream welding is changing; the China Steel Association data show that since the beginning of this year, imports of wear-resistant plate welding production is highest in early March 2 million 96 thousand and 800 tons, the lowest is 1 million 964 thousand tons in late October, especially since late November yield rapid rebound to have a relatively high level. According to bureau of statistics data show that 1-10 months, the national crude steel production was 6 million 217 thousand tons, a year surged 206 thousand tons; the customs statistics show that 1-10 months, the country imported a total of 11 million 570 thousand tons of welding wear-resistant plate, an increase of 2 million 410 thousand tons, exports, the domestic market to reduce the supply pressure to a lower contribution. In the downstream demand extremely depressed environment, the steel market supply pressure increased significantly.
Data show that as of the end of the beginning of November, CISA member steel enterprises internal inventory was 1666.22, an increase of 408 thousand and 900 tons ten pileare; five varieties of steel inventories totaled 20 million 383 thousand and 300 tons, while the last two weeks to achieve inventory, but is still more than 20 million tons of high level, the contradiction between supply and demand of domestic imports of wear-resistant welding the basic market rose to the year vertex.