NEWS

Wuxi Screw Metal Products CO., LTD.
The overall price of stainless steel plate has entered a momentum of adjustment

The wait-and-see sentiment in the market for stainless steel plate prices is still strong. Affected by the upstream, the pipe factory is still cautious in price adjustment, but the pressure on the release of inventory from shipments is still large, and the overall operation is still weak. In the market, the weak transaction made traders passive, and the price of welded pipes was reported smoothly. The continuous weakness of the upstream market makes traders more cautious, and the overall local inventory is not large, which may also play a supporting role in the market. However, in view of the current market situation, traders are more pessimistic and generally not optimistic about the market outlook. To sum up, if there is no significant adjustment of raw materials, Taiyuan welded pipe prices may still run smoothly in the short term. It is learned from the market that the price of hot-dip galvanized square pipe futures gradually rose after the low opening in early trading today, but the good times did not last long after the opening in the afternoon. . In addition, the overall transaction in the market today is still unsatisfactory. In addition, the recent arrival of resources has led to an increase in the inventory in the local market. As the market demand is difficult to recover in the short term, the price may drop slightly in the later period. It is expected that in a short time in Shanghai Profile prices weakened slightly.

The rising trend in the leading cities has only lasted for three days, and it has not been fully spread to more domestic markets. The price of some resources in Beijing fell by 10-30 yuan, the Tianjin market fell by 10-20 yuan as a whole, and the Shanghai market continued to maintain a weak steady state. Businesses in other parts of the country remained on the sidelines, and prices were mostly stable, while some cities fell. The market lacking demand support still cannot surprise the world at the beginning of the off-season. The author once expressed pessimistically to a colleague that this wave of small gains will last at most until around June 3, but I don’t know that the actual situation is even more tragic. In the afternoon, the merchants joked that falling prices are the daily life of marriage, and rising prices are the romance of anniversary. In the first half of the year, the demand brought by various infrastructure projects approved by the government and the One Road One Belt One Belt One Road project is still a while away from us. The building materials market in June will still show a state of May. Recently, the upstream raw materials have returned to the pattern of shock and consolidation, and the pipe factory has a strong willingness to support the price temporarily; but the market is gradually entering the off-season, and the substantive demand of the terminal has not improved, and it is difficult for manufacturers to make obvious moves. Most of the downstream markets have gone through a follow-up adjustment, and the prices of galvanized pipes in parts of Central South and East China have dropped slightly. Considering the poor demand, it will be more difficult for manufacturers to detect and rebound in the short term. It is expected that the price of stainless steel may remain weak and consolidate.

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