Stainless Steel Pipe Supplier Wenzhou Kaixin China
The domestic stainless steel seamless pipe market has abundant funds. More funds flow into enterprises, expand production investment, increase the resumption of production, and drive the demand of stainless steel seamless pipe market. Under the psychological effect of buying up and not buying down, merchants gradually start replenishment. With the high cost support of stainless steel seamless pipe enterprises, the market transactions are gradually increased. What is the price trend of stainless steel seamless pipe in the later period?
Influencing factors of stainless steel seamless pipe market
1. In February, the interest rate of the first housing loan in 100 cities was the lowest since 2019
In February 2023, the average mainstream interest rate of the first set of 100 cities was 4.04%, down by 6BP on a month-on-month basis. This is another significant downward trend after basically stable in the past four months, and the absolute level hit a new low since 2019. The average interest rate of the two sets was 4.91%, which was flat on a month-on-month basis. In February, the loan interest rate of the first and second houses fell by 143BP and 84BP respectively year on year. Under the dynamic adjustment mechanism of the first set of housing loan interest rate policy, the first set of interest rate was adjusted, the second set of interest rate remained unchanged, and the price difference of the first and second set of housing loan interest rate was further expanded to 87BP.
After the epidemic, the state focused on the recovery of economic construction, the investment in fixed assets in all cities and cities increased, the real estate gradually recovered its vitality, the sales price of new houses increased, the project demand gradually released, the resumption of work progress rose steadily, the stock accumulation of stainless steel seamless tubes narrowed, and under the guidance of favorable policies and the continuous recovery of demand, the market operation mentality was strong, supporting the price trend of stainless steel seamless tubes.
2. The financial industry has taken practical measures to promote consumption and stabilize the economy
Precisely implement policies to promote consumption and take multiple measures to stabilize the economy, and the regulatory authorities guide the financial industry to make practical moves. It is found that recently, many regulatory authorities are guiding financial institutions within their jurisdiction to carry out financial consumption-related measures, especially supporting the consumption of housing, cars, household appliances and other commodities to become the “main drivers” of consumption promotion everywhere.
At present, with the gradual warming of the weather, the outdoor construction projects have started in succession, and the launch of major projects such as real estate and infrastructure construction has driven the demand for seamless stainless steel tubes. In addition to the expected improvement of the macro policy, the Ministry of Finance and the Central Bank have increased the supply of credit, the development of the real economy has regained vitality, and the consumption of domestic residents has been boosted, helping investment and consumption release more potential, and driving the price trend of seamless stainless steel tubes.
3. Vigorously improve the guarantee capacity of mineral resources supply and reserve
The China Mining Federation issued a proposal to the national mining workers. It should base itself on the country, give full play to its own advantages, adhere to green exploration and green development, strictly adhere to the bottom line of resource security, consolidate the foundation of energy and resource security, ensure energy security, industrial chain supply chain security, plan as a whole, overcome difficulties and strive to improve the security capacity of domestic supply and reserve of mineral resources while achieving the “double carbon” goal, Make unremitting efforts to promote high-quality development of mining industry.
As China’s iron ore reserves are at a low level, the import of iron ore has been affected by the high price. In addition, the three rounds of increase in coke prices have directly led to the loss of stainless steel seamless pipe enterprises, and even most steel enterprises have stopped production for maintenance in advance. The fear of high sentiment of the stainless steel seamless pipe market merchants is high, the willingness to store in winter is low, and the steel plants are passive in self-storage. After the year, with the increase of the resumption of work and production of the project, the demand for stainless steel seamless pipe gradually started, driving up the price, and the iron ore price remained high. The National Development and Reform Commission issued three consecutive documents prohibiting iron ore from raising prices and hoarding curiously. The market iron ore price rose slowly, but the cost side was still high, supporting the strength of the stainless steel seamless pipe price.
Price forecast of stainless steel seamless pipe
Environmental protection issues still affect the production of steel enterprises, and green production of enterprises is still the main goal. Some enterprises continue to optimize production capacity, supply-side reform, optimize the steel industrial structure, and stainless steel seamless pipe enterprises have strong cost-side support. In addition, in late February, 191 major engineering projects in Shanghai, and more than 100 major engineering projects in Jiangsu, Beijing, Shanghai, Shandong and other provinces have been started, with a total investment of at least 25 trillion yuan, and terminal demand has gradually started, The sentiment of merchants to replenish the stock is strengthened, and it is expected that the price of stainless steel seamless pipe will be stable and strong tomorrow.