Raw material dynamics
1. Billet
Futures fluctuated and adjusted in green, with traders showing a cautious mindset and limited trading volume. The cost side prices have been weakened and lowered. Relevant data shows that there are signs of a weakening trend in the rapid economic recovery, with macro expectations cooling down and market bearish factors dominating. Under cloudy and rainy weather, terminal demand has declined, coupled with weaker support for raw materials, leading to a pessimistic mindset among manufacturers and poor operational sentiment. Overall, it is expected that Tangshan steel billet prices will remain weak and stable tomorrow.
2. Iron ore
The dramatic reduction of OPEC crude oil production has impacted the market sentiment of commodities, and commodity price volatility has increased significantly; Domestic stainless steel welded pipe factories have made slight profits, but there is insufficient motivation to actively reduce production. The production of molten iron remains high, and the current interference from national policies has impacted the speculative sentiment of iron ore. However, during the peak season of steel production, rainfall has also affected the purchasing enthusiasm of stainless steel welded pipe factories. Currently, the decline in ore prices is the main
The recent market trend of stainless steel welded pipes
The Qingming Festival has passed, and the stainless steel welded pipe market has resumed normal trading. Downstream users purchase according to demand, and steel traders enter and exit quickly. They are generally not optimistic about the price trend of stainless steel welded pipes in the later stage. The current profit game between the upstream and downstream of the coking steel industry chain is obvious, and steel companies’ peak season profits are lower than expected, which may drag down the coke price further. Moreover, iron ore has been criticized, prices remain weak, and there is still room for a decrease in the cost of molten iron. In summary, the price of Yinsi stainless steel welded pipes is still not optimistic in the short term, and may fluctuate weakly in the current situation.
Post time: Apr-07-2023