INDUSTRY NEWS
In April, Ma Kou iron market or high shock operation
Looking back at the domestic steel market in March, the overall trend of the first rise and then rebound, steel composite price index rose 27 points, hot rolled and cold rolled plate national average price rose 73 and 68 yuan/ton respectively. Tinplate fundamentals, tinplate raw material composite price rose 167 yuan/ton month on month, the average cost of tin ingots fell 22497 yuan/ton month on month, tinplate supply declined slightly increased month on month, private steel gross profit overall maintenance; In the recovery of downstream demand, the export increment of Sufe in January and February slowed down.
Looking ahead to April, domestic tinplate prices by demand recovery less than expected and strong support of raw material costs under the contradiction of high shock operation. In terms of raw materials, from the ex-factory cost of substrate, some steel mills have started to increase the cost in April, and there is a high probability that other steel mills will continue to increase the cost of substrate settlement at the end of the month. Tin ingot, tin ingot supply enterprises are currently resuming production, stop inspection time extended tin ingot supply has declined, coupled with inventory digestion, the fundamental data reflect tin ingot still have repair rebound space. In the supply of tinplate, the raw materials of the production line prepared to resume production were basically sufficient. Normal production was resumed successively in April, and the supply pressure gradually increased in April. In terms of steel mill inventory, according to the statistics as of the press date, the tin plate factory inventory has declined to a certain extent, which is less than expected, mainly due to the slow recovery of domestic demand and the decline of export orders. In short, April is the peak season for the downstream can industry demand, tinplate supply, demand, cost and other contradictions will continue to intensify.
Previous Page：March tinplate market or high consolidation
Next Page：The Surface Properties and Printing Fastness of Tinplate
