Export market analysis in November

• from：迅xunzhuoweb
• admin：admin123
• date： 2021-12-09

November exports fell for the first time in a year.

In November, China's steel exports continued to show a downward trend,exports fell 136,000 tons, or 3.0%, from October; IT was the first negative growth of the year, down slightly from the same period last year.
Cumulative exports from January to November have exceeded the whole of last year, steel exports this year will rebound after five consecutive years of decline.

With the general adjustment of prices in peripheral markets, China's steel imports show the situation of falling prices and rising volumes, but the cumulative imports from January to November are still lower than the same period last year. 

At present, steel exports the main material are plate.

According to the General Administration of Customs statistics monthly report, between January and October，a total of 39.02 million tons of plates was exported from steel, up 45.1% year on year.Plate exports account for 67.8% of total steel exports,steel bar exports were 7.1 million tons, up 22.1% year-on-year, accounting for 12,3% of total steel exports.The export of angle steel and section steel was 2.21 million tons, a year-on-year decrease of 5.4%, accounting for 3.8% of the total steel export.

It can be seen that this year,steel exports are still dominated by plates, and the increment is mainly contributed by plates.

To date, overseas supply and demand has tended to balance.

According to information released by the China Federation of Logistics and Purchasing, the global manufacturing PMI rose by 0.4 percentage points in November 2021 compared with the previous month, maintaining an upward trend.

From the perspective of various regions, the growth rate of the manufacturing industry in various regions has a faster trend, more obvious than last month.

The African Amanufacturing growth rate has a big pick-up trend since last month;Asia and Europe manufacturing growth rate is relatively small;Asia and Europe manufacturing growth rate is relatively small.The growth rate of manufacturing in the Americas has basically tended to be more stable.

Overseas economic recovery accelerated stage, but the steel market cooling significantly.

Since October, major regional markets in the world have entered a downward channel.From the perspective of supply, due to the sharp decrease in China,output, the global crude steel output fell by 10.6% year-on-year in October. The output outside China maintained year-on-year growth, and there was also a certain increase from the previous month. The supply and demand of the global steel market tended to be balanced.


                                                                                              (information source; message source: network data)