Welded pipe market trend gradually stabilized

On the whole, when demand gradually weakens, it is expected that the local market price may still be adjusted in the short term, but the range may be relatively limited. The welded pipe market has gradually stabilized. Although the trading volume is still relatively limited, the steel mills are not very willing to continue to cut prices. It is reported that as the new Asian steel mill enters the state of suspension of production and maintenance, the operating rate of local hot-rolled strip steel companies continues to decline. Due to the bottoming out of prices, some manufacturers have to control the risk through production shutdown and maintenance. And the current production enterprises also reflect that under the current situation of sluggish demand, the pressure is generally greater, and there may be plans to stop production later. It can be seen that strip mills have generally entered a period of no profit or even loss due to the inability to effectively stop the decline and rebound. In addition, the demand before the Spring Festival in February can only be worse, so manufacturers do not report hope for the market of plastic coated pipes before the festival.

Yesterday, the domestic hot coil maintained a sharp downward trend, the market demand was weak, the transactions were light, the merchants’ mentality was poor, and they were mainly bearish on the market outlook. It is reported that steel mills generally deliver goods, the market imports and shipments are basically flat, and the overall inventory pressure is not great. However, Shanghai’s hot roll has plummeted, and Tianjin’s hot roll has started to plummet, as panic sent to other markets. On the other hand, less than one month before the Spring Festival, traders are generally willing to cash out shipments, and the increasing number of downstream holiday companies have inevitably unstable mentality. It is expected that today’s hot coil prices will maintain a downward trend. Local construction steel continued to be weak yesterday, and continued to fall slightly; next month is the Chinese traditional holiday Spring Festival, downstream construction sites have been closed for vacations, and merchants ’daily shipments are very” poor “; coupled with the continuous arrival of steel mill resources, merchants’ inventory pressure is significant; most Merchants lowered prices in exchange for transactions, but due to demand restrictions, price cuts did not make transactions a bit hefty; combined with the current situation, local prices are more likely to decline in the short term. Specifically: the resource quotations of first- and second-tier manufacturers are stable and weak, the quotations of large mainstream households are more stable, and the transaction prices of some traders have declined slightly.