Decline in market stocks has certain support for steel prices

Seasonal snails continued to gain strength and boost confidence in spot merchants. Today, the overall domestic pipe market is mainly stable. The welded pipe market price is mainly stable, individual prices have risen, and the seamless pipe market price has remained stable, but the downstream demand has not improved. The price is still difficult to support the rapid price increase, the raw material price rebounded at the bottom, and the steel spot market inventory also continued to decline, which has certain support for steel prices.

According to the domestic well-known steel spot trading platform - Chinese steel spot market monitoring: Today's domestic major cities 1.5 inch * 3.25 welded pipe average price of 3734 yuan / ton, compared with the previous trading day down 2 yuan / ton. Among them, the Shanghai area was 3620 yuan/ton, steady; Beijing area was 3,600 yuan/ton, steady; Tangshan 3,460 yuan/ton, up 10; Guangzhou area 3,900 yuan/ton, stable. The average price of 4-inch *3.75 welded pipe in major domestic cities was 3,726 yuan/ton, which was flat compared with the previous trading day. Among them, Shanghai is 3,750 yuan/ton, steady; Beijing area is 3,580 yuan/ton, stable; Tangshan is 3,450 yuan/ton, up 10; Guangzhou area is 3,900 yuan/ton, stable.

In terms of seamless pipe, the average price of the seamless 219*6 (8162) pipe in today's major domestic cities was 4,524 yuan/ton, which was a drop of 2 yuan/ton from the previous trading day. Among them, the Shanghai area was 4,200 yuan/ton, down by 50; the Beijing area was 4,350 yuan/ton, steady; the Guangzhou area was 4,950 yuan/ton, steady; Changsha, 4,450 yuan/ton, steady.

In respect of raw materials, it temporarily stabilized in the morning on the 4th, and rose by RMB 10/t at the weekend. The current Tangshan billet is booming and the country’s tax-exiting factory is 3,000 yuan/ton, Changli tax-included factory is 3,000 yuan/ton, and Xinda agreement households are sent to 3030 yuan. / Ton, traders naked price 2890-2900 yuan / ton.

Steel price adjustment, strip, 4th Tangshan Tianzhu steel strip price adjustment information, 2.5 * 145 series rose 10; 4th Tangshan Ruifeng steel strip price adjustment information, 2.5mm * (162-204) series The total increase of strip steel is RMB 20/ton; on March 28, Hebei Advance Steel's steel strip price adjustment information indicates that the price of strip series below 2.5mm*355 has been raised by RMB 30/t.

In terms of news, the National Development and Reform Commission recently issued guidelines for the calculation and reporting of greenhouse gas emissions from the first batch of 10 enterprises including iron and steel, chemicals, electrolytic aluminum, power generation, power grids, magnesium smelting, plate glass, cement, ceramics, and civil aviation. The National Development and Reform Commission Relevant person in charge said that the purpose of the accounting announced this time is to establish and improve the statistical accounting system for greenhouse gases, and gradually establish the goals of the carbon emissions trading market.

On the whole, raw material market prices tend to be strong, but demand performance continues to be sluggish. Merchants mainly rely on shipments, and market enthusiasm is not high. With the decline in temperature, Northland will become a trend, to a certain extent, steel prices. Affected, it is expected that the pipe market will stabilize or slightly adjust to operate mainly in the short term.