The inventory status and trend of S690QL steel material

The inventory status and trend of S690QL steel material

As the consumption is still in the off-season, S690QL steel material inventory continues to accumulate, but the accumulation of inventory has slowed down from the beginning of the month. The market is tolerant of the accumulated inventory in the off-season, and more hopes that the S690QL steel material inventory will be eliminated in the peak season.

Although the overall inventory of S690QL steel material is on the high side due to the impact of the epidemic this year, from the perspective of the situation in the second quarter, once the consumption in peak season comes, the speed of de stocking will be far faster than expected. Therefore, although the current inventory is exerting pressure on the price rise, it will not form resistance to the improvement of S690QL steel material supply and demand structure.

In view of the peak season expectation of S690QL steel material and the improvement of supply and demand structure, S690QL steel material inventory will usher in a new wave of de stocking, and the improvement of inventory will inevitably bring about a rapid rise in prices, thus forming a benign production and marketing pattern.