With the gradual warming of temperature, the supply and demand of stainless steel welded pipes continued to rise last week, the operating rate of blast furnace continued to rise slightly, the resumption of production of electric furnace enterprises accelerated, and the supply of construction steel increased significantly. The resumption of downstream work was orderly promoted, the recovery of municipal infrastructure and other projects was accelerated, and the demand for stainless steel welded pipes was further released. Last week, the volume of stainless steel welded pipes increased significantly, the increase in inventory slowed significantly, and the average price of stainless steel welded pipes rose slightly. The stainless steel welded pipe is basically good and also supports the operation of iron ore, scrap steel and other prices. On the whole, the economic policy of stable growth supports the expectation of medium and long term demand for steel, the short-term downstream projects resume production steadily, the consumption of stainless steel welded pipe gradually rises, and the steel price is expected to continue the upward trend.
Transaction and inventory
Last week, with the significant acceleration of downstream resumption of work, the stainless steel welded pipe market is expected to be good, and the volume of stainless steel welded pipe has increased significantly. It is expected that the turnover of stainless steel welded pipe will maintain a growth trend this week, while the inventory will still increase slightly.
Raw fuel price
For coke, last week, the price of coke continued to be stable, while the price of upstream coking coal was weak and stable. Coke enterprises were cautious in purchasing. The downstream stainless steel welded pipe market was initially depressed and then increased, with a basically good orientation, and the profits of steel enterprises were restored. It is expected that the coke price will stabilize temporarily this week. Internationally, the price of scrap steel in Europe fell significantly. The price of scrap steel in the United States was unchanged from the previous week. At present, the supply and demand of scrap steel continue to recover, but the cost-effectiveness advantage of scrap steel used by steel mills is not obvious. It is expected that the price of scrap steel will be stable and strong this week.
Stainless steel welded pipe price
The price of stainless steel welded pipe rose slightly last week. With the warmer weather, the resumption of work has accelerated significantly, and the supply and demand space has been further released. It is expected that the price of stainless steel welded pipe will continue to rise this week.