2024

Today, the price of northern alloy pipes has increased.

Today, the local market for construction steel is weak but stable. Specifically, in today's market performance, the leading local brand Shente's prices continue to hold steady. Except for a few brands that have raised their prices due to shortages, most dealers in the alloy pipe market are maintaining Friday's prices.

Today, the local market for construction steel materials is weak but stable. Specifically, in today's market performance, the local leading brand Shente's prices continue to hold steady in the morning session. Except for a few brands that have raised prices due to shortages, most dealers in the alloy pipe market maintain Friday's prices. According to feedback from merchants, weekend market transactions continued to be weak, with downstream procurement mostly on the sidelines. In terms of morning transaction conditions, there were very few inquiry calls, and the market lacked the usual lively atmosphere of a Monday, leading some merchants to start relaxing prices to promote transactions. Additionally, feedback from downstream users indicates that certain specifications of market resources are in short supply; however, this week, merchants are gradually replenishing stock, which may improve the resource shortage. Currently, the atmosphere of cautious procurement is strong, and merchants are experiencing low transaction volumes. The weather conditions this week are also not very good, contributing to a weak merchant sentiment. There has been no significant change in market transactions, and some merchants are still selling at a loss, feeling some pressure. As the end of the month approaches, merchants continue to reduce inventory to recover cash flow, and a continued weak adjustment trend is expected. Although the futures market for rebar is in a downward trend, local merchants do not have a strong willingness to lower prices. However, due to the weakening enthusiasm for downstream procurement, the market's cautious sentiment has increased. If the rebar futures continue to decline in the coming days, market prices will undoubtedly follow suit, and the market sentiment is not optimistic. Regarding steel mills: today, Shagang announced that the order volume for June is at 85% of the price. This indicates that, during a continuous price decline, the signs of production cuts and maintenance from steel mills are not obvious, and merchants still face the risk of high inventory in the future.
Against the backdrop of low-cost resources arriving in the north, some steel mills' resource prices have slightly loosened in today's morning session. Some merchants have preemptively lowered prices to digest part of their inventory due to the arrival of low-cost resources later. Looking at the overall market situation, the current shipment volume of traders is acceptable, and many merchants are experiencing shortages in specifications. On the other hand, today, the prices of alloy pipes in the north have increased slightly, with the locked prices from steel mills like Wenfeng and Puyang at 3200 yuan/ton. Whether the hot-dip galvanized square pipe market can accept this remains to be seen. Currently, the most unstable factor in the Shanghai medium-thick plate market is the marketing policy of low-cost resources from the north. If a price war breaks out among traders, the mainstream prices will also decline passively; however, industry insiders believe that in the short term, merchants' sentiment is stable, and the likelihood of a significant drop in medium-thick plate prices is very low.
Regarding the future market, most merchants choose to remain stable and observe. They believe that with the launch of hot-rolled futures, the trading model for hot-rolled spot goods will undergo fundamental changes. However, many conditional factors have not yet fully emerged, making it difficult for industrial clients to achieve arbitrage through hot-rolled futures. As for the recent spot market, industry insiders believe that after the previous sharp decline in steel prices, the spot market contains significant potential for an increase. However, the spot market cannot quickly digest the negative environment brought by the excess capacity and the slow liquidity caused by the intermediate reservoir in the short term. In this context, alloy pipes will continue to maintain low-level fluctuations and adjustments in the short term.

Welding process of stainless steel seamless pipes

Stainless steel cut surface elephant sculpture, geometric art in the sculpture.

Welding process of stainless steel seamless pipes

Stainless steel cut surface elephant sculpture, geometric art in the sculpture.