It is expected that the price of Huazhong steel pipe will fluctuate within a narrow range tomorrow
Date: 2023-07-28
It is expected that the price of Huazhong steel pipe will fluctuate within a narrow range tomorrow
On July 27, in terms of welded pipes and galvanized pipes, the black futures fluctuated upwards, the price of raw strip steel continued to rise, and the ex-factory prices of pipe factories also frequently increased, and some markets in Central China rose slightly. At present, the performance of the market demand side has failed to match the increase in steel prices. Under the pressure of continuous rising costs, businesses have cautiously raised prices, and social inventories have increased slightly. In terms of seamless pipes, the price of hot-rolled pipe billets in Shandong rose by 20 yuan/ton today, and the price of pipe billets in Jiangsu rose by 10 yuan/ton. Willingness is strong. In terms of the market, the price of seamless pipes in Central China returned to stability today, traders shipped in general, and social inventories decreased slightly.
Tomorrow Forecast
Welded pipes and galvanized pipes: Recently, the black series futures fluctuated upwards, and the market sentiment has improved. Under the pressure of continuously rising raw material prices, pipe factories frequently raised ex-factory prices. At present, the market delivery cost is relatively high, and the market prices have risen slightly. Recently, due to environmental protection issues, Tangshan Steel Plant has stopped production and limited production. The supply side has shrunk and the raw materials of the pipe factory have been replenished. However, the delivery of the pipe factory is not good. Today, the Federal Reserve raised interest rates by 25 basis points again, but the market demand driven by positive expectations has not increased significantly. In addition, it is necessary to pay attention to the risk of rising and falling caused by the drag of weak reality. To sum up, it is expected that the prices of welded pipes and galvanized pipes in Central China will fluctuate within a narrow range tomorrow. Seamless pipe: Today, the price of snails is relatively strong, the price of raw materials is slightly stronger, and the willingness of pipe factories to raise prices continues to increase. At present, pipe factories mainly focus on reducing inventory. In terms of the market, a number of favorable policies at the Politburo meeting boosted market confidence, and market sentiment was high. However, during the off-season demand, traders shipped in general, and mostly focused on cashing in on stable prices. To sum up, it is expected that the price of seamless pipes in Central China will remain stable tomorrow.
Post time: Jul-28-2023
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