2507 stainless steel seamless pipe prices have temporarily stopped falling, but a weak rebound needs to be considered for treatment

oday, the overall price of 2507 stainless steel seamless pipe fell slightly, with a few markets following the rebound in the afternoon. The Beijing and Hangzhou regions finally made up for the morning drop, which was basically the same as yesterday’s price. The spot price of steel billets, including tax, has been traded with low prices. The overall transaction volume in the market is average, with some regions showing improvement compared to yesterday’s transactions and engaging in bottom hunting behavior.

From the data, it can be seen that the demand for 2507 stainless steel seamless pipe enterprises is insufficient, and the financing demand is also insufficient. The bill financing has decreased. Considering the decrease in the growth rate of M2 and M1 compared to the previous month, the financing willingness of the enterprises has weakened. It is consistent with the PMI data indicators of the manufacturing industry. In addition, household deposits increased by 9.9 trillion yuan, and the amount of deposits continued to increase, while consumer spending remained cautious.

From an industrial perspective, although the market has stopped falling and rebounded today, the performance of 2507 stainless steel seamless pipes relative to raw materials is still weak, and the rebound strength is insufficient, which also reflects the lack of market confidence and the lack of upward driving conditions in the market. However, in the iron ore market, there was news that tropical cyclones affected Australian ports. With the approach of tropical cyclones, Port Hedland, the central port of iron ore in Western Australia, will be evacuated early Wednesday. Although the time is short and the actual impact is limited, the iron ore contracts in recent months have shown a resistance to decline, and ultimately the iron ore prices have risen. Compared to coke, which has just been lifted and lowered in the second round, the meager profit of coke is still being smoothly squeezed by steel mills despite the further decline in raw material costs of coking coal. The current market is still unstable, with limited room for rebound due to insufficient demand and overall downward fluctuations in raw materials.

Price Forecast for 2507 Stainless Steel Seamless Pipe

From the current perspective, the market for 2507 stainless steel seamless pipes is still weak. Today, steel mills have increased their efforts to supplement and reduce prices, and Shagang Building Materials has directly reduced prices by 100 yuan. Some steel mills in Shanxi and other regions have also experienced a decline in early market opening, and the market mentality is still unstable. In addition, some steel mills combined with hedging, and the spot price was lower than the market price for shipment. The loss of merchants without competitive advantage increased in this round of market correction, and business became increasingly difficult. At present, the policy of industry reduction is not yet clear, and it is difficult for steel mills to spontaneously reduce production. Further policy constraints need to be increased, as well as macroeconomic policies to support the recovery of demand in the real economy. In the short term, the price of 2507 stainless steel seamless pipe has temporarily stopped falling, but a weak rebound needs to be considered, and the overall situation is still weak.