Cold-drawn stainless steel pipe merchant inventory pressure prices slightly adjusted

Cold drawn stainless steel pipe

This week, the price shock of cold-drawn stainless steel pipe in Wuhan market was strong, and the price rose by 60 yuan/ton from last week. As of press release, WISCO 3.0mm hot roll 3440 yuan/ton, 4.75mm hot roll 3380 yuan/ton; Wisco 5.75-11.5mm low alloy plate 3530 yuan/ton; Wisco 5.0-10.0mm positive plate 4010 yuan/ton. This week, the futures trend fluctuated upward, driving up spot prices and stimulating downstream procurement enthusiasm. In terms of transaction, the overall transaction is weak today, the market trading price is lower, and the actual trading price in the afternoon is 3360-3370 yuan/ton. In terms of inventory, steel mill resources arrived normally this week, and the overall market shipment situation was more favorable than last week, so the inventory continued to fall, and the current inventory was about 144,000 tons, down 3.4% from last week, and the market pressure was slightly eased. At present, the main operating strategy of agents is to ensure transactions, reduce inventory, reduce losses, and remain cautious about market trends in the short term. Overall, the local market demand has gradually started, the inventory pressure has slowed down, and if the demand continues to increase next week, the local hot roll price still has room to rise next week. With the acceleration of urbanization construction, many enterprises believe that the spring of industry development has come again, and in the face of broad market prospects, more and more enterprises have begun to flood into the market. Although the urbanization construction has promoted the market demand of products to a certain extent, and opened up new markets for enterprises, there are not many enterprises that “covet” this market, and it is not easy for enterprises to occupy the market.

Cold-drawn stainless steel pipe merchant inventory pressure prices slightly adjusted