Downstream demand analysis of stainless steel: short-term support still exists, market outlook is expected to weaken seasonally

In November 2022, the demand for stainless steel raw materials for the four major electrical appliances was 208,500 tons, an increase of 3,600 tons or 1.75% from the previous month. The demand for stainless steel from the four major electrical appliances has been driven by the purchase season at the end of the year, and the demand for the stainless steel market has been supported to rise. Monel 400 seamless pipe, Monel 400 sheet, monel400 rod

Based on the latest relevant data of home appliances, Zhuo Chuang Information obtains the demand for stainless steel raw materials of major household appliances through the relevant calculation model of Zhuo Chuang Information, and regularly updates and releases them on the Zhuo Chuang Information website. The relevant data is as follows: Monel 400 seamless pipe , Monel 400 plate, monel400 bar
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Judging from the historical data from 2010 to the present, the seasonal change characteristics of the demand for stainless steel in household appliances show that in November 2022, the demand for stainless steel in the four major household appliances continued to be slightly higher than the historical seasonal characteristics, and the overall performance was narrowly skewed. Strong, basically negative in line with changes in historical seasonal trends. Compared with previous years, its supporting effect on the stainless steel market remains relatively strong.
According to the latest production and sales data of household air conditioners, LCD TVs, refrigerators, and washing machines, the total production and sales data in November rose to varying degrees compared with the previous month. Compared with the same period last year, it increased by 1.65%; the total sales volume was 34.3518 million units, a decrease of 7.11% from the previous month, and a decrease of 10.20% from the same period last year; the gap between production and sales was adjusted to 3.3333 million units. Monel 400 seamless pipe, Monel 400 sheet, monel400 rod
On the whole, the fluctuations in the production and sales of the four major electrical appliances are increasing and decreasing. At the same time, the total demand for stainless steel raw materials also shows a trend of increasing and decreasing compared with the previous period. According to the data model calculation of Zhuo Chuang Information, the total demand for stainless steel raw materials of the four major electrical appliances in November was 208,500 tons, an increase of 1.75% from the previous month and an increase of 0.97% from the same period last year. Monel 400 seamless pipe, Monel 400 sheet, monel400 rod
The specific situation is as follows: In November, the production and sales volume of the four major electrical appliances, including air conditioners, refrigerators, televisions, and washing machines, decreased more than that of the same period last year. Among them, the decline in the production and sales of refrigerators is still relatively obvious, mainly due to the impact of the drop in domestic temperature and relatively limited logistics, which has a greater impact on the decline in the total demand for stainless steel in the four major appliances.

The production and sales data of refrigerators decreased by 3.59% and 19.84% respectively compared with the same period last year, and the demand for stainless steel raw materials increased by 5.16% and decreased by 3.59% respectively compared with the same period last year.

The production and sales of washing machines increased by 4.61% and decreased by 4.82% respectively compared with the same period last year, and their demand for stainless steel raw materials decreased by 1.83% and increased by 4.61% respectively compared with the same period last year.

The production and sales data of air conditioners increased by 4.67% and decreased by 10.95% respectively compared with the same period last year, and the demand for stainless steel raw materials increased by 11.07% and 4.67% respectively compared with the same period last year.

TV production and sales data increased by 0.56% and decreased by 6.87% respectively compared with the same period last year, and its demand for stainless steel raw materials increased by 0.14% and 0.56% respectively from the previous month.
Zhuo Chuang Information predicts that the consumption expectations around Christmas in Europe and the United States will continue to exist in December, and the support of the traditional domestic consumption peak season still exists. Monel 400 seamless pipes, Monel 400 plates, and monel 400 bars, but considering the limited demand for domestic logistics There is room for growth, and the overall demand for stainless steel raw materials still forms a certain support. According to the data model forecast of Zhuo Chuang Information, the demand for stainless steel raw materials of the four major electrical appliances may increase to 206,100 tons in December.管1

In January of the following year, China gradually entered the Spring Festival holiday, and the overall demand for stainless steel raw materials may drop to a low level. It is expected that the demand for stainless steel raw materials in the household appliance industry is expected to decline. It is expected that the demand for stainless steel by the four major electrical appliances may fall back to 175,200 tons in January of the following year.
Influence: On the whole, the demand for stainless steel raw materials of major household appliances increased in November, and the support for the stainless steel market was relatively strong. However, the logistics of the spot market was restricted to a certain extent during the same period, which increased the pessimistic atmosphere of the market and weakened the demand side for stainless steel. market support.

In December, it is expected that the demand for stainless steel raw materials of major home appliances will remain around the normal level, and the support role of the demand side for the stainless steel market will still exist. Considering that some terminals have certain warehouse operations, the market trading atmosphere has been driven. Monel 400 seamless pipes, Monel 400 plates, and monel 400 rods as a whole continue to support the market on the demand side.

In January of the following year, the demand for stainless steel raw materials for major home appliances is expected to decline seasonally, and the demand for Monel 400 seamless pipes, Monel 400 plates, and monel 400 bars is expected to decline in supporting the stainless steel market.


Post time: Dec-30-2022