It is estimated that the price of stainless steel seamless pipe will still fluctuate and become stronger in March

As for the market in March and April, the stainless steel seamless pipe market is cautious and optimistic, and it is estimated that the price of stainless steel seamless pipe in March may still be volatile and strong. There are three main drivers:

First, the expectation of improved demand superimposes the terminal recovery, and the demand will significantly support the price. This year, the country still takes stabilizing the economy as the leading factor, and expanding domestic demand is the main driving force. Later, with the continuous implementation of various policies, the terminal demand for stainless steel seamless tubes has shown a positive trend. From the perspective of industries, according to the latest data, the sales of real estate in the top 100 cities across the country in February showed a month-on-month growth trend, and the real estate showed a marginal improvement trend. At the same time, with the commencement of major projects around the country, the demand for capital construction and management also showed a positive trend. With the gradual implementation of automobile subsidy policies and the price adjustment of new energy vehicles around the country, the production and sales of automobiles returned to the normal state. The operation of various downstream industries is expected to be good, and at the same time, the terminal is fully resumed. The release of terminal demand has obvious support for the price of stainless steel seamless pipe in March.

Second, the price of raw materials is still expected to be strong, which supports the price. From the perspective of changes in raw material inventory, the storage inventory of raw material steel billets has declined for two consecutive weeks. The inventory of steel billets has changed from the previous accumulation to the recent reduction. The inflection point of inventory has supported the price of steel billets in the later period, and the overall cost has become stronger. In addition, both the stainless steel seamless pipe factory and the traders have basically digested the early supply of goods. Recently, with the availability of high-priced resources, the merchants have a strong willingness to stand up, and the cost supports the price.

Third, the stainless steel seamless pipe market mentality is cautious and positive, and the enthusiasm for taking goods may increase, which supports the price.

In general, with the gradual release of demand, the promotion of cost strength and the boost of market mentality, it is expected that the stainless steel seamless pipe market will still be volatile in March and April. However, we need to pay careful attention to the progress of the Federal Reserve’s interest rate increase and the follow-up of market demand after the price rise. Do not rule out the possibility of periodic decline