Seamless pipe market pull up enthusiasm has also declined

Seamless tube market shows a narrow range of repeated shocks, manufacturers are more hesitant. Tangshan billet prices fell again, forming a negative impact on the market. In addition, the futures market also showed a weak performance, with a sharp fall on Friday, putting pressure on market expectations for next week. Although it is said that the futures market fell sharply today, due to the limited inventory of resources and the basic lack of arrival volume, the medium and heavy plate dealers are not willing to fall in price. At present, the mainstream price in the market is still 3490-3500 yuan / ton. In view of the fact that the total amount of medium and heavy plate spot is relatively small in the short term, it is worth noting that the price of medium and heavy plate in the northern region has been lowered, and the price difference in the South may change in the later period. It is expected that the price trend of domestic medium and heavy plate market will continue to consolidate next week. Domestic market demand further improved, steel mill inventory and social inventory were significantly reduced. But in the second half of the week, the upstream raw material market and futures prices fell as a whole, and the enthusiasm of seamless tube market to pull up also declined. The cold rolling market develops first and then suppresses. Due to the unstable foundation of the rise, the confidence of the merchants to pull up is frustrated, the market delivery speed is obviously slowed down, no large-scale production reduction is found in the steel mills, and the situation of oversupply will be difficult to change. It is expected that the cold rolling market will adjust its operation in a narrow range in the short term.


Post time: Nov-01-2020