Stainless Steel Pipe Supplier Wenzhou Kaixin China
Due to the gradual implementation of macroeconomic policies, the demand for 2507 stainless steel pipes has started to rise for four consecutive weeks, and the supply and demand data have increased. Despite the significant decline in futures, the operational sentiment of merchants has weakened, and spot prices have followed a downward trend. At the same time, the supply of coal has increased, and the cost side support has weakened. Steel companies’ profits have rebounded, and production enthusiasm has increased. The production of 2507 stainless steel pipes has increased for four consecutive weeks, and the supply and demand of finished products has increased. Although the supply and demand data have been repaired, the speed of destocking is, The release of demand is suppressed, and what is the price trend of 2507 stainless steel pipes in the later stage?
Factors Influencing the 2507 Stainless Steel Pipe Market
Caixin China’s manufacturing PMI fell 1.6 percentage points in March
With the gradual implementation of macroeconomic policies, demand performance has not been as expected. After a brief expansion in February, the manufacturing industry’s outlook in March fell to a critical point, indicating a stable state of the manufacturing industry and a slowing recovery momentum. In addition, the resumption of work and production in steel mills has increased, and the inventory and production of 2507 stainless steel pipes have suppressed steel prices, which has negatively affected the price trend of 2507 stainless steel pipes.
10 provinces, autonomous regions and cities will experience heavy rain to rainstorm
The Central Meteorological Observatory continued to issue a blue warning of rainstorm at 06:00 on April 3: It is estimated that from 08:00 on April 3 to 08:00 on April 4, there will be heavy to rainstorm in eastern and southern Hubei, northern Hunan, northern Jiangxi, Anhui, eastern Henan, southern Shandong, central Shaanxi, central Shanxi, northern Chongqing, northeastern Guangxi and other places, of which heavy rainstorm (100~130mm) will occur in parts of central Anhui, eastern Hubei, northern Hunan and other places. Some of the above areas are accompanied by short-term heavy rainfall (with a maximum hourly rainfall of 20-50 millimeters, which can exceed 60 millimeters locally), as well as strong convective weather such as thunderstorms and strong winds. Some areas in central Inner Mongolia have heavy to heavy snowfall, with localized heavy snowfalls.
As the Qingming Festival holiday approaches, there is an increase in rainy weather nationwide, affecting steel transactions and transportation. With the gradual implementation of macroeconomic policies, market demand has not met expectations, and terminal demand is still good. However, speculative demand has not been fully released, and the apparent demand for 2507 stainless steel pipes remains the same. Merchants’ outbound transactions have been poor, and the continuous overcast and rainy weather has suppressed outdoor construction progress, suppressed demand for 2507 stainless steel pipes, and bearish steel price trends.
The resumption of production in steel mills has increased, and production continues to increase
At present, the resumption of work and production in steel mills is increasing, and production continues to increase, suppressing the rise in the price of 2507 stainless steel pipes. At the same time, macroeconomic policies are gradually being implemented, and market expectations have decreased. Speculative demand is insufficient to follow up. In the situation of oversupply, the price trend of 2507 stainless steel pipes is bearish.
2507 stainless steel pipe price forecast
At present, the PMI of the manufacturing industry has rebounded for three consecutive months, consistently higher than the near point, reflecting the continuous recovery of China’s economy. At the same time, with the continuous efforts of national and monetary policies, there is ample liquidity, driving domestic terminal demand orders to purchase. However, given the outbreak of bank events caused by foreign resource wars and the Federal Reserve’s interest rate hikes, the trend of commodity prices is uncertain, and capital investment expectations are decreasing, affecting the expectations of the domestic futures market, Speculative demand has slowed down, and recent rainy weather in most parts of China has affected the transportation of 2507 stainless steel pipes. Some demand releases have been suppressed, while macroeconomic policy expectations have not been fully fulfilled. The sentiment of merchants in restocking is sluggish, and it is expected that the price of 2507 stainless steel pipes will fluctuate and operate weakly tomorrow.