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After a significant decline in the 304L stainless steel pipe market, can we expect a rebound? The recent downward trend in the 304L stainless steel pipe market is quite obvious, and there will be a technical rebound demand in the later stage, and the market will have a certain increase in repleni...Read more »
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Futures dynamics： Recently, the macro positive situation has continued to increase. The GDP of the first quarter announced in the morning increased by 4.5% year on year, 2.2% month on month compared with the fourth quarter of last year, which is much higher than expected. However, the growth ra...Read more »
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A material with good resistance to seawater corrosion and widely used in marine engineering. However, in practical engineering applications, various corrosion damages often occur in the connection parts of this stainless steel, especially in the welding area, resulting in significant losses. Ther...Read more »
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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 mac...Read more »
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In March, the price of stainless steel tubes rose first and then fell. Can they recover their strength in April? One is to focus on the impact of various uncertain and disturbing factors overseas on commodity market sentiment from a macro perspective; The second is the reductio...Read more »
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After Indonesia’s ferronickel production increased and Indonesia’s Delong production plummeted, Indonesia’s ferronickel supply surplus intensified. In the case of profitable domestic ferronickel production, the production will increase after the Spring Festival, resulting in a s...Read more »
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Since February this year, the iron and steel industry has been affected by many factors, such as macro expectations and industrial contradictions. The core is still around the “recovery”. Macro policy, market confidence, the conversion of supply and demand contradictions, and inventor...Read more »
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Week overview: Macro highlights: Li Keqiang presided over the Symposium on tax reduction and fee reduction; The Ministry of Commerce and other 22 departments issued the “14th five year plan” for domestic trade development; There is great downward pressure on the economy and intensive ...Read more »
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Summary: Looking back on the steel market last week, the price of steel showed a trend of fluctuating operation, most steel products first fell and then rebounded in the range of 30-50 points; for raw materials and fuels, the iron ore dollar index rose by 6 points, and the scrap steel price index...Read more »
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Updated every Sunday before 8:00 am to get a full picture of the week’s macro dynamics. Summary of the week: Macro News: Li Keqiang in the China State Council executive meeting stressed the need to strengthen cross-cyclical regulation; Li Keqiang in the visit to Shanghai stressed the need to impl...Read more »
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Week in the Big Picture: President Xi Jinping held a video conference with U.S. President Biden; key economic data from China released in October showed industrial production exceeding expectations, investment growth continuing to slow, and consumption data picking up; China’s steel industry carb...Read more »
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Headline News: Central Reform Commission pledges to boost commodity reserves and regulation; regular session talks on commodities; Li Keqiang calls for energy transformation; multinational manufacturing expansion slackens in August; Non-farm payrolls fell far short of expectations in August and i...Read more »