Steel industry activities accelerate the limited impact on the steel market in August

Abstract Yesterday, the domestic steel industry PMI index was 52.5%. This is the second time in the year that it is above the 50% glory line, indicating that the steel industry situation has improved in July. However, the continuous rise in steel prices in July made the steel market still immersed even after entering August...
Yesterday announced that the domestic steel industry PMI index in July was 52.5%, which was the second time in the year was above 50% of the glory line, indicating that the steel industry situation improved in July. However, the continuous rise in steel prices in July made the steel market still immersed in the rising atmosphere even after entering August, but the transaction was not good, the merchants were difficult to ship, and the market price rose slightly weak. Therefore, the author believes that July The steel PMI rebounded, or the positive impact on the steel market in August was limited.


The official manufacturing PMI of China's manufacturing industry in July was 50.3%, up 0.2 percentage points from the previous month. The final value of HSBC PMI was 47.7%, down 0.5 percentage points from the previous month and hitting an 11-month low, indicating that the downstream manufacturing situation of the steel industry is not very optimistic, especially in the case of the SMEs represented by the HSBC. Depressed.

Even though the steel industry's new order index was 57.3% in July, the steel industry's new export order index was 52.7%, both of which showed that the market demand has rebounded. It is true that in the process of continuous steel price increase in July, the downstream demand is not weak. reflect. However, the high temperature weather that began in July continued in August. As the high temperature weather continued, the release of downstream demand was significantly suppressed, and the transaction has not improved.

And in July, the steel industry production index was 52.6%, which was above the glory line, indicating that the production enthusiasm of the steel industry is still not decreasing, and with the rebound of steel prices in July, the improvement of profit, the resumption of production is positive, and the output increases, making the steel mills Inventory continues to increase. By the end of July, the steel stocks of key member companies continued to climb to 1,309,500 tons, an increase of 347,000 tons from the end of the previous year and an increase of 2.72% from the previous month. Once steel mill resources are released to the spot market, market supply pressures may increase sharply, which is unfavorable for the August steel market's rising behavior.

In addition, the steel industry finished goods inventory index in July was at a low level of 33.6%, indicating that the steel industry destocking in July was more obvious. However, according to the latest data, in July 2013, the social stocks of five major steel products in 22 cities nationwide were 12.369 million tons, a decrease of 784,200 tons from the previous month, down 5.96%, which was the fourth consecutive month of decline, but the decline was earlier than the previous two months. It has narrowed, and the inventory of cold rolled coils, one of the five major varieties, has risen slightly.

The steel industry purchase price index is running at a high level, reaching 63.2%. From the case of imported iron ore prices rising rapidly in July and a single month increase of 11.78%, the increase in iron ore prices has increased the production costs of the steel industry. Prior to this, the ex-factory prices of steel mills were mainly raised, while the spot market price of steel was kept firm under the support of cost.

However, even today, even with cost support, steel prices can only maintain a stable state as much as possible. However, downstream demand has not been delayed, market transactions have been sluggish, and merchants have difficulty shipping. If the enthusiasm of the steel mills is not reduced, the crude steel output will continue to rise, then the contradiction between supply and demand will further deepen, and the price reduction will be negligible. In the near-term market, steel prices have already fallen back. Steel mills have also slowed down the pace of ex-factory prices, and it is expected that the steel market will enter a consolidation period in the short term.

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Model NO.
Moisture(%)
Strength(%)
Idine value(mg/g)
methylene blue value(mg/g)
Ash(%)
Packing density(g/L)
pH-value
Grain diameter(mm)
DX-3060
≤3
≥90
≥950
≥140
≤10
530±20
8-10
Φ1.5
DX-3070
≤3
≥90
≥950
≥150
≤10
500±20
8-10
-
DX-3080
≤3
≥90
≥950
≥150
≤10
490±20
8-10
-
DX-4060
≤5
-
≥950
≥150
≤15
-
8-10
-
DX-4070
≤5
-
≥950
≥150
≤15
-
8-10
-

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