The market price of stainless steel pipe is still volatile and strong

Industry

From the perspective of supply, the output rebounded slowly after the holiday, mainly because the long-term process output remained at a low level. This has nothing to do with the business strategy adjustment of the stainless steel pipe factory. Since last July, the leaders of many stainless steel pipe factories have called for preparation for a long time of hardship. Subsequently, the σωλήνας από ανοξείδωτο χάλυβα factory implements the production based on sales and low inventory operation mode. In this case, the output of the long process will not rise too quickly before the downstream demand really rises. The slow recovery of stainless steel pipe production is also the main reason for withstanding the test of stock increase after the Spring Festival.

From the perspective of apparent consumption, the recovery of demand for stainless steel tubes is not slow. The pessimism after the Spring Festival entered the process of falsification. Under the situation of inventory peak and demand acceleration, the stainless steel pipe market is bound to respond more actively to the increase of domestic demand expansion policy. The current time point is not far from the two sessions, and it is the period of concentrated speculation on the economic objectives at the two sessions. From the perspective of the Central Economic Work Conference and the development goals set by the local NPC and CPPCC, the market expectation rate is still good.

In conclusion, under the slow rise of production, stainless steel tubes have withstood the pressure of callback. At the current time point, the inventory has shown signs of peaking. Επόμενος, the optimistic expected rate of demand will strengthen again, and the second stage of the black bull market is about to start.

Spot surface of stainless steel pipe

In the market, after the continuous increase of billet price, the sentiment of downstream steel enterprises in purchasing billet has slowed down compared with yesterday, and the transaction performance of direct delivery of billet is average today. Futures opened high and went high. Traders were in a good mood and actively shipped goods. The price of stainless steel tubes was strong in the market.

The domestic coke market is weak and stable. On the supply side, with the recovery of profits, the operating rate of coke enterprises rose slightly, and the shipment was positive. The coke inventory in the factory remained low. Due to the poor profits of the stainless steel pipe factory, the purchase intention was cautious, and the intermediate speculative traders took into account the market risk to stop and wait, affecting the accumulation of coke inventory in some coke enterprises, and the coke supply and demand structure gradually became loose. In terms of demand, the blast furnace of the stainless steel pipe factory has maintained a high and stable start, and the demand for coke is still high. The coke inventory in the factory is mostly at a reasonable high level, and the stainless steel pipe factory still focuses on prudent procurement. In terms of port, the spot coke in the port is operating in a volatile manner, the transaction in the stainless steel pipe market is light, and traders are mostly wait-and-see. It is expected that the coke market will operate stably in the short term.

Outlook: coke fundamentals continue to be relatively balanced, and the price may be stable.

1) On the demand side, the management strategy of the stainless steel pipe factory has changed a lot. It has adhered to the long-term tight life, and implemented the production based on sales and low inventory operation mode. In this case, the demand for coke will remain stable. 2) On the supply side, most coke enterprises maintain normal operation. In the case of no obvious recovery in demand and profit, the possibility of substantial production increase is low, and the coke output will continue to be stable.

Futures have a red shock, which boosts the mentality of merchants. Benefiting from the good recovery of demand, the supply and demand pattern has improved. The market sentiment of stainless steel tubes is relatively optimistic, driving the price of stainless steel tubes to rise, and the short-term steel prices to maintain a strong operation. However, it should be noted that the supply is rebounding. Once the demand recovery is poor, the supply and demand pattern is still vulnerable to weakening. At that time, it is necessary to pay attention to the downside risks and continue to pay attention to the recovery intensity of demand. The stainless steel pipe market is generally traded at a high level. Some merchants are still cautious in operation, and the cost support is reasonable. It is expected that the operation will be stable at the weekend.

Futures

The data required by the table is positive. The demand for stainless steel pipes has recovered seasonally over the same period last year. The market sentiment is optimistic, but the steel factory inventory is still accumulating and there is no sign of slowing down. The sharp rise in futures in recent days is a correction to the weak expectation of resumption of work in the early stage. The main force of raw iron ore continued to increase its position by a small margin today. The seasonal resumption of production of stainless steel pipe factory continued. In the expectation of a good demand for molten iron, the capital was long for iron ore, driving the cost up. However, the high inventory is suppressed. Before the seasonal large inventory, it is recommended that businesses operate as required.

Summary of stainless steel pipe market

The demand recovered well this week, the supply and demand pattern of stainless steel tubes improved, and the market sentiment was relatively optimistic, driving the price of stainless steel tubes higher. The sentiment of the iron ore market warmed up, driving the ore price higher, while the resumption of production of the stainless steel pipe factory brought the ore demand back, and continued to support the ore price; However, it should be noted that the favorable supply of ore has not been realized, and the risk of policy regulation has not been solved, so the ore price continues to be suppressed. Under the game of long and short factors, the ore price is expected to continue to fluctuate at a high level. The fundamentals of coke have changed little this week. The stainless steel pipe factory of blast furnace has gradually resumed production. The contradiction between supply and demand is not prominent and is in a relatively balanced state.

The raw material end remains strong, and the stainless steel pipe factory’s profit recovery stage will play a certain role in supporting the price of stainless steel pipe, and the daily turnover of building materials will rise on a month-on-month basis. The real estate industry also shows signs of recovery, with stainless steel pipes and iron ore having some action force. In a word, even if there is room to fall down in the short term, it is relatively limited. It is expected that the market price of stainless steel pipe will still be volatile.