China's domestic carbon steel pipe recent price forecast

2023-11-18

On November 17, the domestic steel market rose mainly. From the perspective of transaction, the period snail high rebound, most cities spot prices are high and low, and merchants feedback downstream procurement enthusiasm is poor.

On the same day, nine domestic steel mills raised the factory price of construction steel 10-50 yuan/ton.Especially in alloy steel tube, cold drawn seamless round pipe, carbon steel boiler tube, High manganese steel plate, pressure vessel steel plate and many other carbon steel products.

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From the industry data point of view, rebar production increased slightly this week, the inventory decline narrowed, the table fell, and the data was neutral and weak.

In terms of hot rolled coil, the recent macro policy boost news is more, in the case of raw material prices continue to rise strongly, the material price passively rises, the demand is less than expected, the short-term relative high led to the downstream to take goods cautiously, and the demand has not seen a significant rebound for the time being.

The demand performance of the thick plate is not as expected, as the traditional off-season consumption, crude steel production continued to decline in October, real estate development investment continued to be weak, inventory continued to go, there is a certain pressure on the supply and demand structure, and the overall supply and demand situation is weak.

Steel market price forecast

This week, the inventory decline of several major varieties of steel has narrowed, and the pressure of supply and demand is OK. Although the benefits of steel mills have improved recently, due to the rapid rise in raw fuel prices, most steel mills are still on the edge of profit and loss, and there is insufficient power to further expand production. Late steel market supply and demand are weak, the cost is high and difficult, steel prices or post high shocks, even if some regions, some varieties still have room to pull up, but also beware of excessive rise may cause adjustment risks.

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