300 Series Cold Rolled Triple Increase! Foshan Stainless Steel Weekly Inventory Increases by 0.43%

July 17, 2024, Foshan Market News - Mid-July has arrived, and the anticipation for stainless steel remains just that: anticipation. Amidst the challenging times, the tangle of prices and costs, and the situation of weak supply and demand has not changed.

Overall Analysis

200 Series:

Cold rolling saw an increase with Hongwang and Foshan Chengde. The latest production dates for both Beigang New Material and Foshan Chengde are on July 12th. However, most of Foshan Chengde's production dates are concentrated on July 5-6th and July 10th. The latest production dates for Yangjiang Hongwang and Zhaoqing Hongwang are July 13th and July 7th, respectively. Fujian Hongwang's production dates are mostly concentrated on July 3-4th and July 6-9th.

300 Series:

Cold rolling saw a significant increase, particularly with Delong, followed by Shangke, Hongwang, and Yongjin, although the amount of new arrivals is limited. The latest production dates for Zhaoqing Hongwang and Yangjiang Hongwang are July 11th and July 9th, respectively. The latest production date for Qingtuo Shangke is July 8th, and some of Fujian Yongjin's production dates are concentrated on July 2-3rd. A portion of Yongwang's production dates are in June, specifically on June 4th. In hot rolling, the reduction is evident in Dingxin and Beigang New Material, followed by Delong and Taigang, with other origins showing no significant changes.

400 Series:

Cold rolling saw an increase with Qingtuo Shangke and Hongwang, with some of Zhaoqing Hongwang's production dates concentrated on July 2nd. Hot rolling saw an increase with Baosteel, while other origins showed limited changes.

Reasons for Analysis

According to the statistics from 51 Stainless Steel, the 300 series cold rolling accounts for 40.66% of the total inventory this time. More than 75.63% of the 300 series cold rolling in our specimen inventory is 304 wide cold rolling, so our inventory analysis this time mainly focuses on the 300 series:

Analysis 1:

From the perspective of resource structure, the arrival of goods exceeds the consumption, leading to a slight surplus in inventory. Within a week's cycle, the new resources are evident as the arrival of goods from Delong, and there are also small amounts of new goods from Qingtuo Shangke, Hongwang, and Yongjin in the inventory, with the rigid demand and the pace of goods arrival basically consistent.

Analysis 2:

With the market downturn, market transactions have slowed down, and the digestion speed has decreased.

Analysis 3:

Recently, there has been an increase in the closure of downstream factories and enterprises, coupled with business adjustments among market plate merchants. Plate merchants controlling risks have also had some impact on shipments.

Analysis 4:

Export processing volume is stable, so the driving force for inventory reduction is limited.

Inventory Data

The time for collecting specimen inventory data this time is: cold rolling on July 16th, hot rolling on July 17th. Note: Specimen warehouse inventory does not include delivery warehouse inventory.

This week's total specimen inventory is 376,600 tons, an increase of 1,600 tons from last week, an increase of 0.43%. Among them:

  • 200 series inventory increased to 134,800 tons, an increase of 700 tons from last week, an increase of 0.52%;
  • 300 series inventory decreased to 202,500 tons, a decrease of 400 tons from last week, a decrease of 0.20%;
  • 400 series inventory increased to 39,300 tons, an increase of 1,300 tons from last week, an increase of 3.48%.

Warehouse Scene

51 Stainless Steel is a news platform under Credit Line Technology.

For more information on market quotes and suppliers, please visit our website or contact us for more details.

Americ Energy (CHINA) Co., Ltd.

A prominent manufacturer and distributor of a comprehensive range of stainless steel products, designed to cater to the diverse needs of various industries.

Their offerings include stainless steel tubes, plates, strips, and square tubes, all manufactured to uphold the highest quality benchmarks.

Contact Information:

  • Website: https://www.metal-ae.com/www.metal-ae.com
  • Email: ae@americenergy.com
  • Phone: 13521210668
  • whatsapp: 13521210668
  • Address: No.298 Fengwei Road, Xishan Development Zone, Wuxi City, Jiangsu Province, China