Stainless Steel Pipe Supplier Wenzhou Kaixin China
The futures market has risen in an all-round way, the investment enthusiasm of sanitary stainless steel pipe market has been boosted, and the investment in the industry has been increased. The number of new projects is expected to increase, and the demand for steel is expected to increase. In addition, the number of iron ore arriving at the port has been greatly reduced, and the cost side support is strong. Sanitary stainless steel pipe enterprises have increased the factory price, and merchants have increased the replenishment. What is the price trend of sanitary stainless steel pipe in the later period?
Influential factors of sanitary stainless steel pipe market
Goldman Sachs: 02 iron ore price is expected to rise to $150/ton
As the spot market will fall into a “serious” shortage, and iron ore prices are expected to rise to $150 per ton, traders should be prepared for a 20% surge in iron ore prices in the second quarter of 2023. The bank pointed out that the seasonal growth of China’s sanitary stainless steel pipe production from March to April is expected to occur at the same time as the short-term supply shortage, which will lead to a gap of 35 million tons in the market in the second quarter.
At present, the price of iron ore has reached a new high of 150 US dollars per ton. The international iron ore resources are tight, the spot market is in a shortage, the production costs of steel enterprises are increasing, and the ex-factory price remains high. At the same time, with the gradual start of the spot demand for sanitary stainless steel tubes, the gap in demand for iron ore increased, pushing up the price of iron ore. The institution expected the market to have a gap of 35 million tons in the second quarter, and the market panic increased, and steel enterprises replenished the stock. Supported by high costs, the price trend of sanitary stainless steel tubes was improved.
Ministry of Commerce: China’s absorption of foreign investment increased by 14.5% year-on-year in January
The country has a firm goal of restoring economic development, the market sentiment has been boosted by policy first, various fiscal policies have been gradually implemented, the central bank has reasonable and sufficient funds, the investment of state-owned enterprises and private investment have increased simultaneously, and the construction of major projects such as infrastructure and real estate has increased. The Ministry of Commerce announced that foreign investment in January also increased year on year, reflecting the optimism of foreign capital on the domestic economy, restoring economic vitality, increasing the demand for sanitary stainless steel tubes, and improving the trend of steel prices.
In January, the PMI index rose above the boom and bust line
With the weakening of the impact of the epidemic, production and life began to recover gradually, and the consumption during the Spring Festival rose significantly. The prosperity level of the manufacturing industry rebounded rapidly and rose above the critical level again.
After the end of the Spring Festival holiday, consumption recovered rapidly, the prosperity level of the manufacturing industry rebounded rapidly, and rose above the critical level again. The number of new orders increased rapidly, and the manufacturing production activities were significantly repaired. In addition to the positive macroeconomic policies, the central bank had sufficient funds, the expected increase in capital investment, and the demand for manufacturing industry warmed up. In addition, the adjustment of the real estate financing policy led to the vigorous development of the entire industrial chain, The price of sanitary stainless steel tubes went up.
Price forecast of sanitary stainless steel pipe
In the second half of February, the macro-favorable policies took the lead, the funds of the Ministry of Finance and the Central Bank were gradually in place, the domestic market consumption expectations were boosted, and the investment enthusiasm was high. With the gradual warming of the weather, the resumption of construction projects increased, the terminal market further improved, and the demand for steel was started. At the same time, iron ore is crazy again, Singapore’s iron ore swap index has reached a new high, domestic iron ore arrivals have dropped significantly, steel enterprise inventories are at a historical low, steel enterprise costs continue to rise, factory prices remain high, and merchants are bullish. It is expected that the price of sanitary stainless steel pipes will be stable and strong tomorrow