With the impact of international financial events, the Federal Reserve has strengthened financial regulation, and international capital investment expectations have been boosted. Futures shocks have driven up the operating sentiment of the spot market for 2520 stainless steel tubes. In addition, according to port iron ore inventory data, this week’s inventory decreased, and it was currently in the traditional consumption peak season for 2520 stainless steel tubes. Terminal demand remains resilient, market transactions have been moderate, and merchants are cautious in replenishing inventory, What is the price trend of 2520 stainless steel tubes in the later stage?
Influential factors of 2520 ומבאַפלעקט שטאָל רער market
Iron ore inventory decreased month on month
According to the latest statistical data, under the joint suppression of the National Development and Reform Commission and other departments, the price of iron ore has fallen back. In addition to the tense situation abroad, the inventory of imported iron ore at the port has declined month on month, and the supply of raw materials has decreased. At the same time, the iron ore inventory of the steel mill is at a low level, and the cost side support is strong, driving up the ex factory price, which is good for the spot market price of 2520 stainless steel tubes.
Expected gradual improvement in manufacturing steel consumption in April
With the warmer weather, the resumption of work and production at downstream terminals has increased, especially in the traditional consumption peak season of 2520 stainless steel pipe market. With the boost of macro policies, orders for automobiles and household appliances have increased, and expectations for manufacturing steel have gradually improved, driving the demand for 2520 stainless steel pipes and improving the trend of steel prices.
Price Forecast for 2520 Stainless Steel Pipe
At present, the 2520 stainless steel pipe is in the peak consumption season. The market is driven by the change of market sentiment rather than the intensification of supply and demand contradiction. With the gradual opening of the peak season, the counter cyclical adjustment effect of infrastructure appears. In addition, the disturbance of negative factors in the overseas financial field to the domestic market is gradually digested. The price of 2520 stainless steel pipe continues to maintain an upward channel. It is expected that the price will fluctuate slightly stronger tomorrow.