Summary Of Welded Pipe: Short-term Prices May Continue To Run Weakly And Fluctuate

On October 19, the price of domestic welded pipe continued to fall. According to Lange Steel cloud business platform monitoring data, the average price of 4-inch (3.75mm) welded pipe in key domestic cities is 4,453 yuan, and quotations in each central city are 6 yuan lower than the previous trading day, with Tangshan dropping 20 yuan, Tianjin dropping 20 yuan, and Guangzhou dropping by 20 yuan, and quotations in other central cities temporarily remaining the same. The average price of 4-inch (3.75mm) galvanized pipe in key domestic cities was 5,225 yuan, down 18 yuan from the previous trading day, with quotations in Tangshan dropping 30 yuan, Tianjin dropping 30 yuan, Beijing dropping 60 yuan, Xi'an dropping 50 yuan, Wuhan dropping 10 yuan, and prices in other cities remaining unchanged. 

Ex-factory prices of mainstream domestic pipe factories are generally stable today, and some of them have implemented preferential policies. Consider Tangshan: the current ex-factory price of 4-inch welded pipe is 4090-4120 yuan, and the ex-factory price of 4-inch galvanized pipe is around 4760 yuan. The market remains cautious, and factory inventory is constantly being reduced. Some pipe factory specifications in the northwest region are out of stock, resulting in a slight price increase. Today, the price of upstream strip steel has been reduced by 10-20 yuan, but the pipe factory's overall price increase intention has not changed.

In terms of the market, prices have been falling in most regions one after the other. Among them, the price of welded pipe has remained stable, while the price of galvanized pipe has dropped dramatically. The release of terminal demand has been weak since October. Demand and transportation have been impacted by major domestic conferences and the frequent outbreak of epidemics in various regions. Obstructed, the market as a whole is on the sidelines, but not too pessimistic about the short-term market. At the moment, there is still support on the raw material side, steel mill profits remain upside down, and supply will not increase significantly. With the pipe factory's production rhythm under control, the short-term welded pipe price may continue to fluctuate weakly.