304 Stainless Steel Pipe Actual Market Turnover has not been greatly improved
This week, the price of domestic 304 stainless steel tube market is stable and strong, but there is fear of high sentiment in the spot market. Today’s high transactions are general, and the market price increase has narrowed. At present, after the initial increase, the demand side has not increased significantly, and the price of 304 stainless steel pipes in the second half of the week has entered a short-term adjustment stage.
This week, the market price of 304 stainless steel tube is running strongly, and the transaction is general. Raw material strips rose steadily, boosting market sentiment, and the market price of straight seam pipes followed the adjustment. Although the sharp price increase stimulated the enthusiasm of terminal market-finding, with the continuous rise of market prices, the downstream fear of high sentiment breeds, and the actual market transaction situation has not been obtained. Substantial improvement, and downstream operators are cautious in taking goods. At present, most of the merchants focus on shipments. End customer demand is different, and the transaction is good or bad, but the actual local demand is not much. Most of them are sent to the port or south. At present, the stock of the pipe factory is at a low level. Although there is no risk, the continuous price increase has disrupted the market replenishment. Rhythm, the business mentality is slightly poor. Compared with the straight seam pipe market price, the seamless pipe market is quieter. Although the billet prices have risen slightly, the pipe factory has no price adjustment dynamics, and traders have remained stable.
Only certain market prices have risen narrowly because of The actual demand in the market is not obvious, and most downstream users buy as much as they want, so they don’t dare to hoard goods, so the market price is relatively stable, and the merchants’ mentality is still cautious. Considering that the current raw material end transaction can still support strong, the merchants have strong willingness to price, but after entering June, the rainy season in some areas has been opened, restricting the trading situation of the 304 stainless steel tube market, and the momentum of continued upswing in the later period is still limited, so it is expected The outlook for the 304 stainless steel tube market may narrow the increase and adjust the high level. Special Steel: This week, the prices of various varieties of the special steel market are running strongly. At the beginning of the week, it was a good time for Wen Shang, Tangshan’s production limit was finally confirmed on the weekend, driving the futures to rise. The 304 stainless steel tube market has a strong bullish mentality. At present, large-scale resources in the market are in short supply, traders’ inventories are at normal levels, and early prices have risen too fast Downstream acceptance was limited, transactions slowed, and the market began to regain sensible midweek, with a wait-and-see attitude prevailing.
As metals continue to reach new highs, futures and iron ore remain at high levels, steel mill costs have risen, prices are firm, and the spot market for 304 stainless steel pipes has risen. At present, the market is bullish and wait-and-see. The out-of-stock market is relatively obvious, and wait-and-sees are often afraid of highs. After the price rises are high and the resistance is met, the actual transaction in the 304 stainless steel tube market has a darkening operation. The price does not support the sustained and rapid increase, and the market with high adjustments cannot be ruled out. Therefore, at this stage, it is recommended to be cautious to chase the high. Considering that the fundamentals of the 304 stainless steel pipe market have not yet fundamentally reversed, the price up and down space is relatively limited. It is expected that the prices of various special steel products will fluctuate and adjust next week.
Stainless Steel plant maintenance and capacity development
Recently, the domestic 304 stainless steel pipe market has shown a state of rising costs together with steel prices. However, due to the slight increase in spot prices than raw materials, steel companies have considerable profit margins. Therefore, except for production restrictions in Tangshan, due to policy reasons, Most steel companies in the rest of the country are fully producing with full horsepower, and there are few temporary overhauls, and production restrictions are almost non-existent. However, it can be seen from the data end that the daily output of crude steel of key steel companies announced by the China Steel Association in late May was 2.0925 million tons, which is basically the highest in history. The overall operating rate has basically reached the limit. The increase in the output of 304 stainless steel pipes will gradually close narrow.