The Price Of Welded Pipe in North China May Continue To Decline Next Week

In terms of raw materials, the futures market continued to find a bottom this week, market sentiment was pessimistic, the decline in spot prices expanded, and steel mills received orders unevenly and suffered a small loss. Manufacturers' production status was unstable, and some steel mills ceased operations. The inventory pressure is relatively light, there has not yet been a significant accumulation, and the overall supply-demand gap for strip steel is not severe. The current strip steel market prices are sluggish, and strip steel profits are inverted to varying degrees as a result of the long and short news. Because downstream receiving capacity is limited, we will purchase on demand. The domestic strip steel market is expected to remain in a narrow range next week.

This week, the pipe factories continued to increase their preferential policies for the welded pipe. North China's welded pipe specifications have declined significantly. However, due to the epidemic situation and the closure of steel mills in the southwest and southwest regions, resources are relatively scarce. The price dropped dramatically, the factory prices dropped one after the other, and the transaction was relatively light.

Market prices for welded pipe in North China continued to fall this week, with a range of 30-80 yuan. With the conclusion of the Communist Party of China's 20th National Congress, the market in North China has gradually recovered, but the wait-and-see attitude has not changed, and transaction volume has not increased significantly. Near the weekend, as a result of the sharp drop in upstream raw material prices, the ex-factory prices of North China's mainstream pipe factories were reduced by 50-100 yuan, market sell-off sentiment spread, and the overall transaction was bleak. Among them, the Taiyuan market took the initiative to raise the price in order to promote the transaction, and traders in other regions such as Beijing and Shijiazhuang gradually decreased, but the transaction benefit was limited. The price of welded pipe in the North China market will be affected in the short term, but the market is not overly pessimistic for the time being. Steel mill production stoppages in North China have recently increased, raw materials have weakened, and steel mill profits may recover slightly. The factory's raw material resources may be limited to some extent, and short-term supply and demand will continue to compete, causing the price of welded pipe in North China to fall by about 50 yuan.