DNV GL grade D marine plate price may fall slightly from June to July

Since this year, China's DNV GL grade D marine plate prices have shown a trend of falling first and then rising. Affected by the epidemic, DNV GL grade D marine plate demand stagnated and prices continued to fall from early February to early March. DNV GL grade D marine plate prices began to rebound in early March and are now back to pre Spring Festival levels.

According to the data from the National Bureau of Statistics, in April 2020, China's crude steel output reached 85.03 million tons, a year-on-year increase of 0.2%. In April, China's average daily crude steel output reached 2.834 million tons, an increase of 286000 tons compared with that in March, a month on month increase of 11.2%. It can be seen that the DNV GL grade D marine plate and so on steel output picked up particularly fast in April. According to the current production status of the steel plant, the average daily output of crude steel will continue to rise in May, which will reach more than 2.95 million tons if it is 5% higher than that in April. Create a new historical record.

In terms of inventory, although the national steel social inventory has been digested to some extent, it is still about 50% higher than the same period last year. After the rapid recovery of DNV GL grade D marine plate and so on steel production, if there is no more than expected demand, it is difficult to digest the social steel inventory to a relatively low level in previous years. This year will be a long time to maintain high inventory operation.

For the trend in the later period, some think that there is no hope of obvious DNV GL grade D marine plate price rise at present, and the pressure of supply and demand is increasing gradually, and the risk is accumulating gradually, so the DNV GL grade D marine plate price in June - July may slightly fall. In the later stage, we need to continue to pay attention to the speed of de stocking.