1. At present, the price of High quality ASTM 304L 9mm thick stainless steel plate has rebounded slightly, and the domestic economy has shown a steady trend. In the first half of the year, the GDP increased by 7.4% year-on-year, of which the second quarter increased by 7.5% year-on-year, up 0.1 percentage points from the first quarter. In the second half of the year, China's economy will remain stable, and the annual GDP growth will be around 7.5%. Recently, the high-level central government has made intensive statements on the current economic policies, and the expectations of the stable growth policy have been strengthened again. In the later period, various targeted easing policies are expected to continue to be introduced, and policy factors will still become an important supporting factor for market stabilization.
2. The growth rate of the high quality ASTM 304L 9mm thick stainless steel plate industry continues to decline, and the demand in the later period is not optimistic. Although steady growth continues to exert force, in fact, the prosperity of the key downstream industries of steel is still low, especially the real estate industry. Such as the sales of home appliances will bring more pressure, which will drag down the release of steel demand.
3. The steel output has rebounded, and the high quality ASTM 304L 9mm thick stainless steel plate will remain high in the later stage. From January to June, the cumulative output of crude steel in my country was 411.91 million tons, a year-on-year increase of 3.0%; the crude steel output in June was 69.29 million tons, an increase of 4.5% year-on-year; the national daily crude steel output in mid-July was 1.8077 million tons. At present, under the boost of major positives, it is expected that there will be no significant reduction in production unless there is limited power operation. Therefore, this summer, the supply pressure of the steel industry is relatively high.
4. The raw material market rose slightly, and the support of High quality ASTM 304L 9mm thick stainless steel plate was strengthened. At present, steel mills are still maintaining high production, especially more and more domestic mines have stopped production due to losses, which seems to support the continued recovery of ore prices. It is expected that the price of imported ore will fluctuate between US$95-110 in the third quarter. The effect of rising costs on the support of steel prices is gradually emerging.
5. The social inventory of steel continued to fall. The social inventory of the five major steel varieties in the High quality ASTM 304L 9mm thick stainless steel plate market was 13.0324 million tons, a decrease of 130,900 tons from last week and a decrease of 2,362,600 tons from the same period last year. The inventory has been reduced for 21 consecutive weeks. At present, the total inventory of rebar in major cities across the country is 5,793,400 tons; the total wire rod inventory is 1,396,600 tons; the total hot rolling inventory is 3,050,700 tons; the total cold rolling inventory is 1,499,600 tons; the total medium plate inventory is 1,292,100 tons Ton. At present, the decline in social inventory of the main High quality ASTM 304L 9mm thick stainless steel plate species has slowed down on a week-on-week basis, and the high supply and the seasonal off-season are coming.