Although there are plans to reduce production at the stainless steel seamless pipe factory in April, the overall production schedule is still at a high level

In terms of iron ore fundamentals, the shipping end has increased this week, and the pressure on the supply end will gradually increase in the later stage. The production of molten iron remains high, but there may be limited room for further growth. The best stage for iron ore is already over. On Friday, in terms of major materials, the overall supply of the five major materials increased, demand decreased month on month, inventory depletion slowed down, overall consumption was not optimistic, and the price of stainless steel seamless pipes may continue to be weak.

This week’s correction in bulk steel prices has led to a decrease in downstream purchasing enthusiasm for stainless steel seamless pipes, and there have been multiple batches of purchases. At present, the stainless steel seamless pipe market is in a stage of weak supply and demand, but downstream demand is still expected with the warming weather. It is expected that there may be room for improvement in the market price of stainless steel seamless pipes next week compared to this week.

During the week, as raw material prices continued to decline, the spot price of stainless steel seamless pipes also experienced a further decline, and market confidence was undermined, resulting in more low price selling. In terms of the 200 series, a small amount of goods arrived at Guangxi steel mills this week, and as the price decline continues, although the price limit for stainless steel seamless pipe factories still exists, merchants are still exploring the price of shipments. Under the low price, some of the goods that just need to be purchased are entering the site for procurement. In addition, there were relatively few arrivals within the week, and both cold and hot rolling are mainly reducing in quantity.

Next week’s comprehensive forecast: The overall consumption of stainless steel seamless pipes in the current market is lukewarm and sluggish, and the performance of social inventory digestion is slow. Although there are plans to reduce production at the stainless steel seamless pipe factory in April, the overall production schedule is still at a high level. At present, the supply and demand contradiction in the stainless steel seamless pipe market is still obvious. It is expected to continue to run lower next week.

笔记