According to data from the China Iron and Steel Association, in the first ten days of August, the daily output of crude steel by key steel companies was 2.0439 million tons, a year-on-year decrease of 4.4%, which was also two consecutive ten-year declines year-on-year. At the same time, the social stock of steel also fell by 4% year-on-year. With the decline in production and inventory, the price of steel has not risen significantly recently. What is the reason?
In early August, key statistical iron and steel enterprises produced a total of 20,439,400 tons of crude steel, with a daily output of 2.0439 million tons, a month-on-month decrease of 2.97% and a year-on-year decrease of 4.4%. This is the two consecutive year-on-year decline in crude steel output. In terms of steel inventory, in early August, the social inventory of five major types of steel in 20 cities across the country was 11.91 million tons, a decrease of 1% month-on-month and a year-on-year decrease of 4%. Although crude steel production and steel stocks are both declining, the steel market has fluctuated and fluctuated this week, and steel prices have been generally lowered throughout the weekend.
Regarding the trend of the steel market in the second half of the year, experts believe that with the gradual implementation of local production restrictions, the supply of steel will shrink further. But on the other hand, due to tax policy adjustments, steel exports will also fall back in volatility, coupled with increased real estate regulation and control, steel demand may also shrink slightly.
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Due to changes in consumer demand,import and export conditions,and various investigations on the development of Spherical Graphite Powder,the cost of Spherical Graphite Powder is constantly changing.Taking into account the current market macroeconomic parameters, value chain analysis,channel partners,demand and supply,the cost of Spherical Graphite Powder will also be affected to a certain extent.It is estimated that the cost of Spherical Graphite Powder will increase slightly from today to next week.
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