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In April, the domestic stainless steel coil prices rebounded. From a fundamental point of view, the demand for stainless steel coil terminals was greatly released, and the actual consumption increase was obvious. In April, the daily average building materials turnover was 219,600 tons.
The inventory entered the stage of rapid de-conversion, and the liquidity of the stack was improved. The price of the industrial chain was repaired in the previous period, and the spot price of the thread rose back to 4100 yuan/ton.
In April, the average daily output of crude steel was 2.56 million tons. At the same time, the inventory of five major stainless steel coils fell by 23%. The apparent demand for superimposed calculations increased by 10.81% compared with March, an increase of 19.4% from the previous month. The demand in April was greatly released. The heating season is limited to the end of production, the construction site is driven by the work, although the blast furnace has not completely resumed production.
However, the marginal impact of environmental protection on the supply of stainless steel coils is weakened, and the output of crude steel is high. Therefore, the driving force for the return of high-temperature coil prices in April to the high level comes from the bursting of terminal demand.
Iron ore (474, 7.00, 1.50%) stone, although the absolute amount of port inventory is not low, but with the increase in the resumption of steel mills, the overall inventory of the plant is still at a historically low level, in the background of high profit per ton of steel Under the steel mills, the demand for iron ore is strong. In April, the spot of iron ore was up, but the upward momentum was weaker than that of stainless steel.