The focus of the current market or gathered in the social stock of Q345B longitudinal welded pipe, the five statistics on Friday the total inventory of the five Q345B longitudinal welded pipe stock total 8.44 million tons, 0.4% WoW, down 9.2%; five Q345B straight seam weld pipe plant inventory total of 4.899 million tons, an increase of 4.9% WoW, down 16.3% year on year. If you look at the current social stock of Q345B longitudinal welded pipe absolute quantity, there is no doubt that the current market inventory pressure is small, but the steel plant inventory began to rise is worth noting. Because the five major varieties of social stock as a result of the decline in the sample caliber representative, in fact, outside the caliber of the amount of resources or trends in the trend of the sample is not the same, so the process of resource dispersion trend is often the core regional stock transfer to non-core areas .
In addition, as the "car limit set" strictly enforced, in fact, the increase in the amount of in-transit resources have been ignored, taking into account the limited capacity of vehicles in southern China, for example, motor transport cycle basically from the past 1-2 days to 2-5 days , That is, the amount of vehicles in transit than in the past to look through; the same token, in the original fuel materials also exist such a situation. If the vehicle capacity does not improve, this resource does not constitute a pressure on the market, but this year, truck sales rose significantly, from January to October 2016 more than 40 tons of semi-tractor sales rose 98.5%; 25-40 tons between the semi-traction Car sales rose 16.6%; 25 tons and below semi-tractor sales rose 119% year on year.
But in October, more than 40 tons, 25-45 tons and 25 tons the following semi-tractor sales were up 45.9%, 68.4% and 117.8%. In general, the truck sales to the road takes 50 days or so, once the capacity to enhance, ask who is willing to increase the transport cycle to extend and bear the burden of resources and risk of funds in transit, then the latter is not there will be a lot of transit resources into social stock To be tested!
Raw materials, the domestic coal mine production safety requirements more stringent, the major domestic coal mines to ensure safe production, production than the previous period have different degrees of decline, making most of the coking plant inventory of refined coal declined support coking coal prices continue to be strong . Affected by this, high-grade iron ore spot prices are also supported, the current futures and spot basis also reflects this trend. So hope that the original fuel material spot fell may not be desirable, but rather need to pay attention to the price difference between the repair. Of course, this premise is the production of steel production enterprises will not substantially cut.
