Views:112 Author:Ronsco Publish Time: 2020-02-05 Origin:Industry News
Manufacturing activities across nickel downstream sectors in China slowed from a month ago in January and stayed in contraction for the tenth consecutive month, but the decline was smaller than the previous estimates, according to China Authoritative survey.
SMM data showed that the purchasing managers' index (PMI) for downstream nickel industries, including stainless steel, galvanising, alloy and battery, stood at 48.7 in January, down 0.81 from December. A reading below 50 indicates contraction.
Last month, the composite sub-index for production edged down 0.55 from December but held up better than the expected 41.43, standing at 45.39.
Suspension of some stainless steel producers during the Chinese New Year holiday accounted for the lower production index. The greater-than-expected scale of shutdown for stainless steel mills in Guangdong due to the coronavirus outbreak also weighed on production.
The overall sub-index for new orders across downstream nickel sectors contracted in January, falling 2.02 on the month to 49.16, 3.62 higher than expectations.
The overall sub-index for raw materials inventories fell significantly from 55.65 in December to 48.68 in January, as inventories were consumed after downstream producers slowed purchases after necessary stockpiling pre-holiday, and as large downstream plants with sufficient inventories also scaled back purchases.
The overall sub-index for finished products stocks, however, flipped to an expansion in January, standing 5.65 higher from a month ago at 53.39.
Finished product inventories in other nickel downstream sectors held flat last month as producers mostly produced according to orders.
Hunan Allianz Metal Products Co., Ltd.(Ronsco) was established in 1996. The production and processing base is located in Luomo Industrial Park, Xinghua City, Jiangsu Province. The factory covers an area of over 24,000 square meters. It has more than 100 employees and more than 20 technicians. The main production equipment includes 3 tons, 5 tons, 10 tons of forging hammers; 7.5 meters, 9 meters van type annealing furnace; 10 meters continuous wire bright annealing furnace, straight continuous drawing machine, wire drawing machine, straightening machine, peeling Machines, grinding machines, polishing machines, etc.; machining equipment mainly includes lathes, milling machines, CNC machine tools, cylindrical grinding machines, surface grinders, wire cutting, etc..Relying on strong processing and production capacity,Allianz has become a well-known professional manufacturer of high temperature resistance stainless steel rods and fasteners in this industry. We Will Share More China nickel Alloy manufacturing situation 2020 An