In 2023, the inventory of N80 Oil Casing in the whole country has not increased basically, and it may even decrease. That is to say, by the end of 2023, the inventory of N80 oil casing in the whole country will be at a relatively low level. What does the relatively low inventory level of N80 oil casing in the whole country at the end of 2023 mean for the N80 oil casing market in china?
Firstly, it means that all the new resources of N80 oil casing in 2023 have been consumed. In the relationship between the production, consumption, and inventory of N80 oil casing, the inventory plays the role of a reservoir. When the supply exceeds the consumption, the excess supply will enter the inventory, manifested as an increase in inventory. Conversely, when the supply is lower than the demand, the inventory needs to be used to make up for it, resulting in a decrease in inventory. When the supply and demand are in a state of balance, the inventory will remain unchanged. According to this principle, since the inventory of N80 oil casing in the whole country has not increased basically in 2023, and even decreased slightly, it means that the amount of N80 oil casing produced and imported in the whole country in 2023 has been consumed.
Secondly, it means that the market situation of oil casing in the spring of this year will not be under great pressure. The inventory of N80 oil casing is not only a reservoir to balance the supply and demand relationship, but also an important factor affecting the market situation of oil Pipe. Since the market monitoring data shows that the inventory of N80 oil casing in the whole country has not increased basically in 2023, and even decreased slightly, it means that the inventory pressure of the market situation of oil casing in the spring of this year is not great, which is conducive to the rise of the Price of oil casing in the market.
Of course, the inventory of oil casing is a dynamic change factor. It is worth noting that the social inventory of 20# Seamless Steel Pipe in the whole country has increased for three consecutive weeks. Whether the inventory of N80 oil casing in the whole country will increase sharply with the development of winter storage in the future needs further observation. If this happens, it will inevitably stimulate the increase of N80 oil casing production by enterprises, and bring corresponding pressure to the market situation of oil casing in the spring.
