National steel pipe social inventory has dropped, peak season demand is on the rise.

National steel inventory is beginning to decline, with construction materials inventory shifting from an increase to a decrease, and the rate of increase in plate inventory has accelerated.

After four consecutive weeks of increase, the national social inventory of steel has begun to decline. According to the monitoring data from the Lang Steel Cloud Commerce Platform, as of September 18, 2020, the national social inventory index of steel stood at 150.6 points, down 0.47% from the previous week, reversing the upward trend from last week. It was up 1.13% from the same month last year and 35.31% higher than the same period last year. Among them, the social inventory index of building materials was 222.2 points, down 1.66% from the previous week, reversing the upward trend. It was up 0.02% from the previous month and 54.19% higher than the same period last year. The social inventory index of sheets was 92.9 points, up 1.91% from the previous week, with a faster increase rate of 1.43 percentage points compared to the previous week. It was up 3.35% from the previous month and 9.45% higher than the same period last year.

2. The decline in wire rod inventory has slightly slowed, with steel rebars shifting from an increase to a decrease, and round steel bar inventory also transitioning from an increase to a decrease; the rate of increase in hot-rolled coil inventory has accelerated, while cold-rolled steel inventory remains stable, and medium and thick plate inventory is rising at a slightly slower pace.

According to the monitoring data from Lang Steel Cloud Business Platform: As of September 18, 2020, the social inventory of steel in 29 key cities across China was 13.8766 million tons, down by 64,700 tons from the previous week, a decrease of 0.47%, reversing the previous upward trend; the social inventory of construction materials in key cities was 9.1391 million tons, down by 153,800 tons from the previous week, a decrease of 1.66%, also reversing the upward trend from the previous week; the social inventory of sheet materials in key cities was 4.7375 million tons, up by 89,100 tons from the previous week, a rise of 1.91%, with the rate of increase accelerating by 1.43 percentage points compared to the previous week. In terms of品种 breakdown: the social inventory of wire rod was 1.3691 million tons, down by 2.26% from the previous week, with the rate of decrease slightly slowing by 0.53 percentage points, down by 3.78% year-on-year, and up by 5.66% from the same period last year; the social inventory of rebars was 7.5177 million tons, down by 1.45% from the previous week, reversing the upward trend, up by 0.22% month-on-month, and up by 69.04% year-on-year; the social inventory of round bars was 0.2523 million tons, down by 4.38% from the previous week, reversing the upward trend, up by 18.54% month-on-month, and up by 37.19% year-on-year; the social inventory of hot-rolled coil was 2.5534 million tons, up by 2.93% from the previous week, with the rate of increase accelerating by 2.59 percentage points, up by 5.81% month-on-month, and up by 12.30% year-on-year; the social inventory of cold-rolled coil was 1.05 million tons, unchanged from the previous week, down by 1.47% month-on-month, and up by 2.15% year-on-year; the social inventory of medium and thick plates was 1.1341 million tons, up by 1.44% from the previous week, with the rate of increase slightly slowing by 0.32 percentage points, up by 2.60% month-on-month, and up by 10.46% year-on-year.