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.
Welded pipe:
This week, the domestic welded pipe market price continued the downward trend last week, and the inventory dropped to the current low level this year. According to Mysteel inventory data, as of November 12, the average price of 4 inch * 3.75mm welded pipes in 27 major cities across the country was 5644 yuan/ton, which was 224 yuan/ton down from the 29th average price of 5868 yuan/ton. In terms of inventory: the national inventory of welded pipes on November 12 was 866,600 tons, a decrease of 20,900 tons from the 887,500 tons on the 5th. Black futures fell this week. At the beginning of the week, due to the drop in billet and strip prices in terms of cost, the price of welded pipes lacked support and ushered in a collapsed fall. In terms of black futures, black futures weakened this week, which was negative for steel prices in the spot market. Due to the large drop in strip prices and the influence of high-priced strip stocks, the pipe mills’ steel pipe prices have been periodically reduced, and the pipe mills’ shipments are mostly upside-down. However, the current pipe-strip price gap is still large, and there is still room for short-term corrections in steel pipe prices.
It is predicted that the price of welded pipes across the country will fluctuate and run weaker next week
Post time: Nov-19-2021