Data analysis of steel inventory survey this week

Building material
As of October 24, 2019, social inventory in major cities continued to decline. It was increased to 4.1646 million tons of 39 Urban screw steel social storage, down 309000 tons, down 6.91% compared with last week; it was increased to 1.5112 million tons of 39 Urban wire rod storage, down 124800 tons, down 7.63% compared with last week; the five varieties totaled 10.0249 million tons, down 6.063 million tons, down 5.70% compared with last week. This week, the social inventory of construction steel continued to decline. Compared with the same period last year, the social inventory of screw steel decreased by 6.91% and the social inventory of wire rod decreased by 7.63%. This week, the social inventory continued to decline. At present, the market demand is normal. In addition, in some areas, the inventory, maintenance and production limit, etc. and at present, the enthusiasm of traders to take goods is not strong, so the social inventory continued to decline. Next week, as the weather turns cold, downstream demand starts to weaken, but traders' expectations for the future are weak, the enthusiasm for taking goods may continue to weaken, and social inventory is expected to decline or slow down.
cold rolling
At present, the latest statistics show that the cold rolling stock of the main market in China is 1.1075 million tons, 0.28% less than last week and 10.13% less than the same period last year. In terms of sub regions, the inventory in East China decreased by 1.01%, in Central China by 0.89%, in South China by 0.18%, in Southwest China by 0.65%, in North China by 0.2%, in Northwest China by 1.95%, and in Northeast China by 9.62%. The inventory of cold rolled sheet and coil has been reduced slightly, which has certain support for the market.
Hot-rolling
The total domestic hot rolling social inventory this week was 2.378 million tons, down 6.36% from last week, 0.73% from the same period last month, and 1.62% from the same period last year. By region, the inventory of each region decreased slightly this week. The inventory of East China this week is 573800 tons, down 1.49% from last week; the inventory of Southwest China this week is 402700 tons, down 2.54% from last week; the inventory of central China this week is 196200 tons, down 5.31% from last week; the inventory of South China this week is 580500 tons, down 7.96% from last week; the inventory of Northeast China this week is 159400 tons, down 16.68% from last week.
medium plate
This week, the total inventory of China's medium board was 1034900 tons, down 13.93% year-on-year from 1179100 tons in the same period last year, and down 2.29% month on month. By region, the social inventory in East China decreased by 10.25%; the social inventory in Central China decreased by 5.85%; the inventory in North China decreased by 3.44%; the social inventory in South China decreased by 1.93%; the social inventory in Southwest China decreased by 1.43%; the social inventory in Northwest China decreased by 10.30%; and the social inventory in Northeast China increased by 10.71%. The overall social inventory of this week is significantly lower than that of last week. This week, due to the maintenance behavior of some steel mills, the production of medium and thick plates decreased, and the arrival of traders decreased, resulting in a significant decline in social inventory.
Iron ore
As of October 25, the iron ore inventory of 45 major ports in the same caliber was 128.3645 million tons, an increase of 1.1242 million tons compared with last week. The average daily port evacuation volume is 2.6844 million tons, down 327800 tons compared with the previous period. Compared with the previous statistics, the iron ore port inventory in this statistics continues to increase. Among them, Australia's 6708600 tons increased by 785600 tons compared with last week, Brazil's 36183100 tons increased by 474100 tons compared with last week, and trade mines increased by 528900 tons compared with last week.
Billet
This week, the total inventory of steel billets in Tangshan's main warehouses and ports of the same caliber was 176800 tons, 15800 tons less than the same period last week, 8.2% lower than the same period last year, 114400 tons lower than the same period last year. This week, billet storage inventory continued to decline, traders are more pessimistic about the future market, every high delivery based.
Special steel
At present, the total stock of special steel bars in China is 676800 tons, with a decrease of 12000 tons per week and a decrease of 1.74% on a weekly basis. Among them, Shandong's inventory is 192700 tons, a decrease of 5300 tons and a decrease of 2.68% compared with last week; East China's inventory is 306100 tons, a decrease of 17700 tons and a decrease of 5.47% compared with last week; North China, central China and Northeast China's inventory is 178000 tons, an increase of 11000 tons and a increase of 6.59% compared with last week.
Source: Zhuo Chuang information