Inflation expectations boost raw material hoarding

Economic News (reporter Jinxuqiang) industrial benefits continue to show good trends, but in this context, another phenomenon worthy of concern ——— many enterprises are starting to hoard industrial materials. Shandong Provincial Bureau of Statistics, the latest survey shows that January-April, the province's largest industry to achieve the main business income of 2,639,560,000,000 yuan, an increase of 34.3%. At the same time, as at the end of April, the province's industrial inventories of more than 501.84 billion yuan, an increase of 30%, compared to the end of last month increased 4.4%. What information does this data reveal? "On the one hand, it shows that the enterprise to the market demand for better expectations of further strengthening, on the other hand also reflects the company's inflation, raw material prices continue to rise in the expectation of strengthening, there are signs of hoarding raw materials.　　Shandong Provincial Bureau of Statistics related to the analysis. The statistical department found that, according to the industry, 39 industry categories, 37 industry inventory increased, 14 industry inventory growth rate is larger than the main business income growth. Among them, the agricultural and non-staple food processing industry inventory growth 20.5%, non-ferrous metal smelting and calendering processing industry inventory growth of 68.7%, petroleum processing coking and nuclear fuel industry inventory growth of 66.3%, chemical raw materials and chemical products manufacturing inventory growth of 41.7%, ferrous metal smelting and calendering processing industry inventory growth of 30.7%,　　Coal mining and washing industry inventory increased by 30.2%. "Once market demand fluctuates, there is the possibility of a recurrence of raw material backlog, and the risk of business is increasing." Shandong Provincial Bureau of Statistics related personage analysis way.　　At this time, industry authorities, industry associations should timely through the release of Early warning information to guide enterprises to strengthen logistics and inventory management, reasonable control of inventory, to take in the futures market hedging, reverse operation and other means to properly deal with price fluctuations, to avoid major fluctuations in industrial production. Through the appearance of the increase in industrial raw material inventory, we can see that the market heat is heating up. Shandong Provincial Bureau of Statistics related to remind and suggest that, for some time, the province's industry to further guide enterprises to strengthen the fine management, to prevent enterprises due to the market and the benefits of a good turn to weaken the "transfer mode, adjustment structure" initiative.