China steel import and export toward the off-season

The weather turns cold , everyone a languid look , site procurement also reduces a lot of demand for steel has been shrinking . And Dongchu steel suppliers trading business this year , the enthusiasm was generally weak, Steel City, the turnover has been feeling kind of bad to worse . Most people felt steel seasonal consumption in the off-season is gradually coming , therefore , wait and see on the market is a more intense atmosphere .

According to China Customs Express data shows , China 's exports of steel and iron ore imports qoq decline in both October . The data show that in steel exports in October were exported 4.84 million tons of steel ring decreased by 31 million tons compared with 5.15 million tons in September , a decline of 0.6 % year-on-year increase of 26.7% . January-October total exports of 45.78 million tons of steel , a year - on - year increase of 11.8% . The data also showed that 10 months of imports of 1.03 million tons of steel , a decrease of 170,000 tons , a decline of 14.2 % . Steel imports in January-October total of 11.55 million tons , down 12.2% , only lasted only a month , was forced to reverse a good situation for steel exports .

We believe that the decrease in exports of steel impact will be concentrated on the merchant mentality, but this is relative to the previous years, because in the previous years, see the decrease in exports of steel, the business mind may be turned pessimistic, but this yearthe eighteen major convene let the steel trading business, they held their breath waiting for favorable policies, the decrease in exports of China steel also let businesses hesitation, but the main thought of the steel trading business is still concentrated in the 18th Party Congress, therefore, it is estimatedthe recent steel price not yet have greater fluctuation.

However, in addition to weakening steel export data, iron ore imports in October also fell. According to statistics, in October China's imports of iron ore 56.43 million tons, ring than in September, down 13.2% year-on-year increase of 12.99%, 1-October cumulative imports of 607 million tons, an increase of 8.9%. From the iron ore import prices, the unit price of imports in October was 104.9 U.S. dollars / ton, a decline of 9.5%, year-on-year decline of up to 40.2% in January-October total import price of 132.3 U.S. dollars / ton, down 20.6%. Iron ore imports decline, which we expected.

As for the demand side, the weaker downstream demand for building materials has been more obvious, because from the inventories of view, as of last week, threaded stock or increase by 0.6% in the previous week; wire by 0.5% from 1.155 million tons, the formerweek by 1.1%;, we believe that this is mainly with the recent cold weather, the northern site stoppages phenomenon increased downstream procurement weak, causing building materials stocks soared to. But overall, the total domestic steel stocks last week but still keep the decline in state of affairs, because in addition to the thread, wire, other varieties of stocks have continued to decline. Hot rolled steel 3.148 million tons down 3.4%, down 2.9% in the previous week; cold rolled steel down 1.0% from 1.601 million tons, down 0.5% in the previous week; plate down 7.0% from 1.287 million tons, down 2.1% in the previous week. Inventory overall downward trend supporting the business mentality is not much fluctuation, and in steel city light atmosphere of turnover, the recent ore, coke prices remain steady rise, the cost of supporting a strong, even for the strong need the weak, but inventory levels are still relatively low, so steel prices will continue to maintain the original pattern difficult to have large fluctuations.