The Grate Market And The Inventory Growth
Nov 10, 2023| The Social Inventory Of The Grate Market And The Inventory Growth In The Steel Mill Are Obvious
The grate market is expected to continue to sway between the limit of production and the demand, and the black price in the fourth quarter will maintain a weak probability. However, if the change in grate inventory is in an unfavorable direction, and the macro-level negative factors are superimposed, the grate price will inevitably encounter obvious downward pressure.
The demand for grate terminal recovery was slow, so the price increase under the early supply contraction and the overall acceptance of the industrial chain was limited, which led to the fall in steel prices. Environmental protection affected the construction of downstream construction sites. The demand for “Golden Nine” peak season was less than expected, but the social stock of rebar has been reduced, and the inventory of steel mills has dropped, which is also beneficial to the grate market.
The social inventory of the grate market and the inventory growth of the steel mills are obvious. In addition, the demand for the “11th National Day holiday” is limited, and the inventory will continue to increase in the later period, which will suppress the spot price of the grate market; some steel mills have a small replenishment willingness, and the recent stacking The price difference between high and low grade resources is higher, and the short-term iron ore price still has certain support.