It is expected that the price of stainless steel welded pipe will continue to fluctuate slightly in the short term

Raw material dynamics

[Billet] The middlemen actively replenished the stock, and the transaction was improved, with some low prices rising in the intraday. After the rise, the market transaction atmosphere warmed, and the overall transaction situation was OK. Today’s futures are surging, driving the overall trading atmosphere of the stainless steel welded pipe market. Traders’ shipments are positive. In addition, the terminal demand is recovering, and manufacturers’ expectations for the future market are strong.

[Coke] In terms of supply, the online bidding sentiment of coking coal at the raw material end has cooled recently, and the price of some coal types has fallen, and the cost of coal to be fired by coking enterprises has moved down. However, the price of raw coal in the early stage is high, the profit recovery of coking enterprises is limited, and there are many break-even lines nearby. At present, the start-up of coking enterprises is temporarily stable, multi-dimensional production is limited, and the coke inventory in the plant is low. In terms of demand, the stainless steel welded pipe plant has a high operating rate, the production of molten iron has risen steadily, and the demand for replenishment still exists. However, the profit of the stainless steel welded pipe plant is general, and the coke inventory is at a medium-high level, and the willingness to accept the increase is low. In terms of ports, the port coke spot is temporarily stable, traders are weak in their willingness to gather at ports, and the inventory of the two ports has declined.

[Iron ore] On the 13th, the domestic ore market was in a stable state, and stainless steel welded pipe enterprises were mostly wait-and-see. In Tangshan area, the market is in stable operation, and the Liantie futures are in weak shock. The quotation of local mining enterprises is firm. On Monday, all parties are mainly wait-and-see. The steel factory is more cautious in inquiring about the goods and mainly replenish the stock as required.

Finished product dynamics

The futures market continues to be strong under the expectation of macro positive, the mainstream stainless steel welded pipe factory continues to rise, some manufacturers have slightly reduced their shipments, and the transaction is flat. The factory’s stock and raw material inventory are at a relatively low level, and the willingness to increase prices is obvious. However, the downstream demand has not improved significantly. The traders have a strong wait-and-see attitude, mainly follow the market, and the cost is high. It is expected that the stainless steel welded pipe market will continue to rise and run steadily tomorrow.

Cold rolling:

[Midday Review of Cold Rolling in Central China] Today, the market in Central China was dominated by small rise, the morning market was dominated by red and narrow fluctuation, the trade daily price was dominated by narrow rise, and the price was mostly increased. The purchasing and purchasing sentiment in the stainless steel welded pipe market was improved on a month-on-month basis, and there were many market inquiries. It is expected that the short-term price will be stable and strong.

Stainless steel outlet

According to the statistical data, the export volume of stainless steel products in China showed an explosive growth in the first two months of this year, which may effectively relieve the pressure on the growth of domestic stainless steel welded pipe production.

Future market forecast of stainless steel welded pipe

In the near future, the positive trend of the macro policy is upward, and the market sentiment is relatively optimistic. Driven by the continuous rise of the raw material end, the steel factory has a strong willingness to stand up. At present, the overall demand growth of stainless steel welded pipe is faster than the supply growth. With the realization of the terminal demand, the inventory resources are digested step by step, and the pressure of stainless steel welded pipe factory is not large, which has a supporting effect on the spot price. The demand of Jinsan market has gradually changed from expectation to reality, and the demand side is in a state of continuous release at present. Considering the current recovery of the manufacturing industry and the promotion of the export of stainless steel materials, it is expected that the price of stainless steel welded pipe will continue to fluctuate strongly in the short term.