Expected to see double pressure on the market at the end of the month, and the spot price of stainless steel pipes will continue to loosen

In the short term, although the end of the month is approaching, the resources for steel billet delivery are gradually increasing, and the cost pressure on stainless steel pipe enterprises is relatively high, there may be some support at the bottom. But at present, the overall environment is relatively empty, and the trading atmosphere in the stainless steel pipe market is still low. Coupled with weak downstream procurement, manufacturers maintain a bearish mentality. Therefore, it is expected that the prices of steel billets will continue to hit new lows within the new year in the near future.

According to the current price difference between pipe billets and seamless pipes, stainless steel pipe factories have a slight profit temporarily. However, some stainless steel pipe factories have reported that there were more high priced pipe billets in the early stage, which indicates that the pipe factories have a significant loss margin. It is expected that the downward pressure on seamless pipes will increase in the near future. The recent poor performance of downstream terminal demand, coupled with the impact of the price reduction of bulk stainless steel pipes, has led to a significant contraction in seamless pipe shipments, and there is still room for market prices to make up for the decline.

The spot transaction of stainless steel pipes is not good, and merchants tend to bear expectations and try to exchange price for quantity. It is expected that the market will show double pressure at the end of the month, and the spot prices of stainless steel pipes will continue to loosen.