The price trend in August 2023

The price trend in August 2023

steel
1. The national social inventory of steel has started to decline, and the inventory of building materials and plates has shifted from up to down
At present, the national steel social inventory has started to decline after seven consecutive weeks of increase. According to monitoring data from Lange Steel Network, on August 18, 2023, the national steel social inventory index was 122.7 points, a decrease of 1.04% compared to last week, and a decrease from last week’s increase, an increase of 3.67% compared to the previous month, and an increase of 2.55% compared to the same period last year; The social inventory index of building materials was 156.8 points, a decrease of 1.74% compared to last week, and a decrease from last week’s increase, an increase of 5.51% compared to the previous month and an increase of 8.94% compared to the same period last year; The social inventory index of sheet metal was 95.3 points, a decrease of 0.10% compared to last week, turning from an increase last week to a decrease, an increase of 1.32% compared to the previous month, and a decrease of 4.84% compared to the same period last year.
2. The decline rate of coil inventory has accelerated, and the inventory of threaded steel has shifted from an increase to a decrease; The inventory of hot rolled coil plates has decreased from an increase, while the inventory of cold rolled plates has slightly accelerated, while the inventory of medium and heavy plates has decreased from an increase
According to monitoring data from Lange Steel Network, on August 18, 2023, the social inventory of steel in 29 key cities nationwide was 11.3086 million tons, a decrease of 118500 tons or 1.04% compared to last week, and a decrease from last week’s increase to a decrease; The social inventory of building materials in key cities across the country is 6.4482 million tons, a decrease of 113700 tons or 1.74% compared to last week, and a decrease from last week’s increase; The social inventory of sheet materials in key cities across the country is 4.8604 million tons, a decrease of 4800 tons or 0.10% compared to last week, and a decrease from last week’s increase. From the perspective of product classification, the national inventory of the coil line is 817900 tons, a decrease of 3.48% compared to last week, an acceleration of 2.83 percentage points compared to last week, an increase of 1.17% compared to the previous month, and a decrease of 37.37% compared to the same period last year; The social inventory of deformed steel bars was 5.6303 million tons, a decrease of 1.48% compared to last week, and a decrease from last week’s increase, an increase of 6.18% compared to last month and a 22.05% increase compared to the same period last year; The social inventory of hot-rolled coil plates is 2.5829 million tons, a decrease of 0.01% compared to last week, and a decrease from last week’s increase, an increase of 0.83% compared to the previous month and an increase of 0.38% compared to the same period last year; The social inventory of cold rolled coil plates is 1.2092 million tons, an increase of 0.49% compared to last week, a slight acceleration of 0.40 percentage points compared to last week, an increase of 0.12% compared to last month, and a decrease of 11.21% compared to the same period last year; The social inventory of medium and heavy plates was 1.0683 million tons, a decrease of 0.99% compared to last week, and a decrease from last week’s increase, an increase of 3.95% compared to the previous month, and a decrease of 8.92% compared to the same period last year. (Lange)
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