In March, the 904L stainless steel pipe market is expected to accelerate the return of demand

29.47% and 28.30% respectively on a month-on-month basis. The total area of land traded rose. As of February 19, the area of land traded in 100 large and medium-sized cities across the country was 15.5559 million square meters, up 2.83% from the previous week. The overall recovery was also achieved by the increase of 9.17% in the land area of the third-tier cities. At present, the interest rate of the first housing loan has hit a new low since 2019. It cannot be lower. Even if it is lower, it is still not a question of whether to lend or not, but a question of whether to buy or not.

Secondly, infrastructure still has a leading edge. The issuance of special government bonds in advance and the intensive promotion of the commencement of construction of major projects in many places are expected to support the continued high growth of infrastructure investment, thus promoting the steady growth of investment. Some institutions predict that fixed assets investment in January and February will increase by 6.0% year on year, 0.9 percentage points higher than the previous period.

Returning to the industry, the inventory of 904L stainless steel tubes is the main focus of contradictions at present. The inventory of building materials is still growing, and the inventory of 904L stainless steel tubes has declined, but the inventory is higher than that of the same period last year. This not only reflects the growth of steel production, but also reflects that the demand has not returned to a very prosperous stage. Therefore, the next step is to reduce the inventory of 904L stainless steel tubes. It is very important to see how much demand can reasonably return.

904L stainless steel pipe price forecast

At present, both spot and futures are resilient and show resilience. This is manifested in small amplitude and unsmooth. Many traders do not actively pick up the goods and let the steel factory keep urging the delivery, that is, the market price is lack of selling points, there is no explosion point, there is not much profit, it is difficult to grasp the rhythm, and the terminal demand is not fully up, so it is better to put it in the factory first. At present, the price of 904L stainless steel pipe has reached the new order cost after the year. Facing the rising price of coke and the difficult situation of iron ore reduction, steel mills and steel trade have reached the stage of keeping costs. At this stage, if the demand rises, everyone is happy. If the demand for 904L stainless steel pipe does not rise, the steel plant needs to reduce production.

From the perspective of the disk, the performance of long and short is not positive. Among them, the long positions of the top 20 seats decreased by 11100, and the short positions decreased by 16500, of which CITIC Futures increased its holdings by more than 8000. From the perspective of morphology, when the hourly level is adjusted to 4150, strong support will be met, and the backdraft at the end of the day will continue to focus on the effectiveness of 4150 support. If it is effective, it will usher in a small rebound.