The stainless steel pipe market will stabilize

Operators of stainless steel pipes still have expectations for the later market. They believe that with the gradual release of downstream terminal demand, the stainless steel pipe market will stabilize. Some steel trading companies understand that the acceleration of new urbanization in various places this year, the concentrated start of urban water and gas steel grid construction and urban infrastructure construction projects will inevitably drive the demand for steel pipes, which will be a highlight of the steel pipe market this year and the next few years. Supply has shrunk slightly, inventory pressure has eased slightly, and the domestic spot steel market has risen again. However, the temperature drop in many parts of the country and the decline in the growth of related downstream industries have affected the release of demand in the steel market. The rising and falling factors contain each other, which will keep the steel market in a state of consolidation that is difficult to rise and fall. In the last week, domestic spot steel prices have risen again, with an average increase of about 0.85%. With the continuous strengthening, coupled with the relative reduction of pressure on spot steel inventories in various markets, merchants continue to push up spot steel prices. However, due to rainy weather lasting for four days, downstream construction sites were blocked, market transactions were not smooth, and merchants' mentality was weak. Partly due to shipping pressure, prices were lowered slightly to promote shipments. Regarding the market outlook, some seamless steel pipe manufacturers believe that because of the unsatisfactory downstream real estate and manufacturing data, market confidence is undermined, and merchants are cautious about the future market. On the whole, it is expected that in the short term, Shandong's building materials market prices may be weakened and consolidate. Yesterday, domestic steel pipe fittings were mainly stable, but due to the long-term low opening and downward impact, the quotations of steel pipe fittings in some cities were still slightly lowered. The middle of this month has passed, but the demand for downstream steel pipe fittings still hasn't improved. Merchants maintain active shipments in operation. In order to promote transactions, the actual transactions of resources can be darkly reduced, but the effect is very small. As the demand in the local market has been relatively sluggish recently, few end-customers come to purchase, and it is difficult for merchants to make shipments. Faced with the current severe market conditions, market merchants also have to cut prices for sales in order to deliver smoothly. Futures continued to fluctuate at a low level, the market wait-and-see increased, and business operations were not as strong as in the previous period. Individual merchants had low inventories and quotations were slightly firmer. However, actual steel pipe spot transactions have a certain bargaining space. For the current market, the mainstream quotations have been consolidating for a long time, and the actual pull is still weak. At present, most of the low stocks of steel pipes continue to support. Therefore, traders mainly wait and see and maintain fast-in and fast-out operations. It is understood that the current spot transaction of steel pipes is still at a normal level. With the support of less goods, the business mentality is still acceptable, and the prices of individual specifications that are in short supply are firm. At present, resources are arriving in Hong Kong one after another, and the pressure on supply remains unabated, but the demand side is slightly insufficient to follow up, suppressing prices. Domestic steel prices continue to be weak. The prices of construction products in major regions have been slightly lowered, and the decline in transactions and the approaching cycle of repayment orders have further aggravated the market depression. In comparison, it has also benefited from the red market, but the intensity is still weak, and the volume is insufficient. It is still difficult to boost the spot steel market in the short term. In addition, the new phase of the market price is stable and declining, and the market payment cycle is approaching, which will further suppress .