FOSHAN FEROSTEEL CO., LTD

FOSHAN FEROSTEEL CO., LTD

FOSHAN FEROSTEEL CO., LTD
FOSHAN FEROSTEEL CO., LTD

FOSHAN FEROSTEEL CO., LTD

FOSHAN FEROSTEEL CO., LTD
FOSHAN FEROSTEEL CO., LTD

FOSHAN FEROSTEEL CO., LTD

FOSHAN FEROSTEEL CO., LTD
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March 31 news: The final value of PMI composite index of stainless steel industry in March was 56.24%, up 14.47 percent age points from the final value in February
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March 31 news: The final value of PMI composite index of stainless steel industry in March was 56.24%, up 14.47 percent age points from the final value in February

  • Categories:Industry news
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  • Time of issue:2020-04-02 14:06
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(Summary description)March31news:ThefinalvalueofPMIcompositeindexofstainlesssteelindustryinMarchwas56.24%,up14.47percentagepointsfromthefinalvalueinFebruary,higherthanthehonoranddeclineline.Thismonth,thestainlesssteelmark

March 31 news: The final value of PMI composite index of stainless steel industry in March was 56.24%, up 14.47 percent age points from the final value in February

(Summary description)March31news:ThefinalvalueofPMIcompositeindexofstainlesssteelindustryinMarchwas56.24%,up14.47percentagepointsfromthefinalvalueinFebruary,higherthanthehonoranddeclineline.Thismonth,thestainlesssteelmark

  • Categories:Industry news
  • Author:
  • Origin:
  • Time of issue:2020-04-02 14:06
  • Views:
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March 31 news: The final value of PMI composite index of stainless steel industry in March was 56.24%, up 14.47 percent age points from the final value in February, higher than the honor and decline line. This month, the stainless steel market basically returned to normal trading status. Despite the huge inventory pressure and inventory cost, the stainless steel factory industry as a whole still showed a trend of resuming production; Production index 63.14%, in the early stage, the output of some stainless steel factories that had been overhauled in East China recovered, bringing increment to 300 series stainless steel. The index of new orders is 62.19%. With the recovery of logistics, the order situation has a natural improvement compared with February; The index of product inventory is 45.24%. At present, stainless steel is passively increased in stock, the increase in inventory is reflected on the index as a decrease. The purchase volume index is 59.33%. With the recovery of production, the purchase of nickel raw materials by stainless steel factories has recovered from February. Although it is not active on the whole, it is only purchased on demand. The purchase price index is 35.71%, both pure nickel and nickel pig iron have obvious decline; The raw material inventory index is 40.67%. Due to the continuous decline of nickel price, the purchasing rhythm basically does not take the initiative to prepare for the stock, and the purchase on demand is the main one. Compared with March, the recovery of figures in February is a normal result, facing huge operating pressure. Stainless steel factories cannot flexibly choose to cut production due to social responsibilities and other reasons, in order to occupy the market, it has to continue to be in high output and lower price for shipment, while the consumer end is not satisfactory, and this contradiction may be difficult to be solved within several months. The initial value of PMI composite index of stainless steel industry in April is 52.10%, which is 4.14% lower than the final value in March. Although it is still higher than the line of prosperity and decline, reflecting the recovery of absolute demand, the pressure of supply and demand may not decrease compared with March, the reason is that while the supply side increases, the demand side will not have synchronous improvement, and the spread of overseas epidemic will lead to the frustration of export orders, and domestic resources will face greater competitive pressure. The production index is 58.38%. At present, most stainless steel factories have no plan to reduce production and continue to sell their own products at a low price at the price of raw materials. The index of new orders is 50%, and the performance of domestic orders is average; The index of new export orders is 45.24%. Considering that the overseas epidemic is still in the outbreak period, the probability of future export orders being frustrated is relatively high. The purchasing volume index is 58.38%, and the raw material inventory index is 50%. Under the circumstance that the supply of Ferronickel is relatively loose, the stainless steel factory will still maintain the attitude of purchasing at a low price on demand, and the purchasing volume is not expected to decrease at present.
 
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