Overall, time need to deteriorate and profit has declined in recent months, oil pump production of promotion is a secondary thrust, and steel production is still in decline, thought to the increased need to emerge to spurt pump and elements such as plum dry season, the oil pump supply pressure will lengthen, with output to rise further and will suppress 2 hong kong-listed mid quarter early works.
At this point, the domestic crude steel KCB gear pump volume continues to rise for 5 months in a row, and the pace of rise since the past year is faster. Crude steel production continues to rise in line with our year-end estimates, the need to release the season and profits gradually deteriorate is the secondary reason for the comfort of rising production, tens of millions of new production can be put into production is not another factor that can be ignored. It is not worth noting that under the background of the lack of serious system comfort, the oil pump needs to increase in a sudden, supply pressure will increase with the increase in output, which is conducive to the operation of the steel market in the early part of the second quarter. In addition, since March in previous years, the steel storage is more rapid, the total amount of five kinds of storage is 17.45 million tons, compared with the high of 8 weeks ago, down 8.2%, while the decline of 18.5% in the same period last year. What is not worth noting is that the monthly operation situation is deteriorating month by month, and the profit of 2.084 billion yuan is achieved in March, and the selling cost ratio turns from negative to positive, which is 0.7%. It is understood that in the first three months of the previous year, the number of new completions was 61,778, an increase of 8,516 compared with the same period last year. The PMI of the manufacturing industry has risen for three months in succession and reached 53.1 in March, showing the deterioration of seasonal demand, which is needed to guarantee the decrease of the completion rate of steel mills
From steel mills to completion and production scheduling conditions present, pump output to rise further, but by economic structure the limitation of the main tone, transfer and transformation in serious comfort system difficult to recreate similar '4 trillion', a symbol of the need to emerge to spurt pump increased, when further increase production and put on the market, the supply pressure will be this time period displays in the future. In the future, resource investment will increase as much as possible, and supply pressure will show again in the future. According to the latest data of China Oil Pump Light Industry Association, in the first ten days of April, the crude steel production per mu of oil pump enterprises is 1.6593 million tons, an increase of 5.0%; Tongguo estimated crude steel production per mu reached 2.0318 million tons, a sequential increase of 7.4%, and hit a record high.
Supply pressures will increase as production increases
Profits are deteriorating month by month, oil pump upstream business needs are gradually deteriorating after the holiday, seasonal needs lost. And according to the calendar rule, the plum drought season is emerging in the middle and early part of the second quarter in the north, and the demand will be curbed.
Crude steel output rose month by month and hit a record high
Although the oil pump business fell into surplus in the first quarter, the operation situation worsened month by month and is in March to achieve profitability. Simultaneous light industry targets continue to deteriorate, construction industry completion increased, seasonal need to show that the united push steel mill completion rate increased, production increased and hit a record high, and this trend will continue. Steel mill profits deteriorated month by month to support their completion, pushing up production.
Data released by the National Bureau of Statistics on Friday showed that in March, tongguo crude steel production per mu was 1.986,000 tons, up 3.9 percent year-on-year, second only to 1.988,000 tons in June 2011.
According to the latest data of China Oil Pump Light Industry Association, in the first quarter of previous years, the strength of large and small oil pump enterprises to complete the sale of 778 million yuan, reduced by 0.95% year on year, to complete the profit and tax of 15.184 billion yuan, significantly reduced by 64.8% year on year, to complete the cost of negative 1.034 billion yuan, the surplus of 33%, the surplus balance of 9.098 billion yuan.
