The spot market price continued to fall sharply this week, and the disk fluctuates greatly this week. The spot market has followed the decline but not the rise. The market demand is still poor. Buyers and sellers have strong wait-and-see sentiment and pressure on prices to rise.
Seamless pipe:
On the market side, steel prices bottomed out this cycle, and seamless pipe prices across markets across the country continued their downward trend last week. The cargo market continued to suffer severe setbacks in the first half of the cycle. After the market fell to the freezing point, it bottomed and rebounded. The seamless pipe shipments in the market rebounded slowly, and merchant sentiment was restored to a certain extent. Affected by the lagging nature of seamless pipes, the prices of seamless pipes in markets across the country continued to make up for the decline, and the price of seamless pipes in many markets fell more than 100 yuan/ton. In the past two days, seamless pipe transactions have rebounded slightly, but the overall transaction is still at a low level this week, and the mentality of downstream customers has improved. In terms of tube plants: this week, the prices of mainstream tube plants across the country will be lowered by RMB 150-200/ton. Affected by the continued decline in goods in the first half of the cycle, traders were pessimistic, tube factory orders further weakened, the overall factory inventory continued to accumulate, and the national seamless tube factory continued to lower sales prices. Most of the country’s pipe factories increased their warehouses and orders were weak. Most of them started overhaul plans. Overlapped with power curtailment in some areas, the operating rate continued to decrease. This week’s statistical operating rate dropped significantly compared to last week, and the supply of seamless pipes across the country remained low. level. In terms of mentality: After the futures steel continued to dive sharply, it bottomed out and rebounded. The transaction of seamless pipes rebounded slightly, and the mentality of traders improved slightly. In terms of inventory: this week’s social inventory dropped slightly compared to last week. This week, the national seamless pipe social inventory was 671,000 tons, and the inventory fell by 16,200 tons.
The market price of seamless pipes is expected to fluctuate at a low level next week.
Post time: Nov-17-2021