The price of seamless pipes is mainly based on stability

The arrival volume of seamless pipes in the market continues to be low, and the inventory of medium plates is gradually decreasing to a normal low level. Low inventory has a strong support effect on market prices. In addition, currently mainstream prices such as Shaogang and Liugang are inverted, resulting in high delivery costs. The price advantage of northern resources is not obvious, and the willingness of agents to lower prices for shipments is weak. In the short term, prices may continue to operate steadily. Overall, in the absence of significant bearish news, it is expected that the Guangzhou medium board market prices will remain stable in the short term. The mainstream is stable, and transactions are average. The raw materials are difficult to rise, and the management factory dare not explore the increase at will. Although the inventory has declined, the terminal's ability to accept high-level resources is insufficient; The market mentality is divergent, with small batch procurement taking the lead, downstream recovery is slow, and demand still needs time. The short-term market may tend to stabilize the mainstream.
From the feedback from the market, it can be seen that the spot market has bid farewell to a slight bottom rebound and returned to a bearish pattern. After investigation, it was found that the resources of second tier steel mills have quietly entered the mainstream, but due to their low pricing, a large amount of resources have been retained in the low market areas, making the rebound in steel prices unsustainable. At present, the polarization of the steel price structure in the market is quite obvious, and scarce products often occupy the high range of steel prices, with good transaction performance. However, resources in the low range have already shown a slight unsold phenomenon. For the later stage market, the author believes that in the current context, low steel prices will become the norm, and the time and space for steel price increases are relatively short. So, from an operational perspective, under the current market situation, it is not recommended for businesses to blindly chase up and sell, and it is necessary to reasonably control the inventory ratio. However, the recovery speed is slow, and overall transactions have improved compared to the previous period. In addition, the recent price policy of steel mills has not changed, which means that the cost of delivery is high. Under this influence, despite narrow fluctuations in the peripheral market, the price of seamless pipes is mainly stable. For the later trend, most merchants hold a cautious attitude, believing that the price policy of Kunming Iron and Steel in late March is not clear, and there is a strong wait-and-see sentiment. In the short term, prices will mainly remain stable.