Galvanized pipe factory supply and demand contradiction to attract the attention of global sellers and buyers, so in the short term in order to ensure normal shipments, the actual transaction price may continue to fall. However, affected by the shock adjustment of the previous peripheral market, local merchants have been shipping, resulting in the current market inventory running at a low level. In addition, at present, the price of local medium and thick plate and other related varieties is relatively stable, downstream manufacturers wait-and-see mood weakened, purchase enthusiasm increased, market transaction performance is acceptable. Affected by the local hot roll resource is relatively small and the market demand is gradually increasing, insiders expect that the local hot roll price will continue to hold steady in the short term. The market is more subtle, business mentality is not ideal, there is no sign of amplification of demand. It is reported that the recent market resources did not appear in the state of mass arrival, plus the current downstream purchase volume has no intention to continue to increase, so in the short term, the market will be in the trend of stabilizing adjustment. So market price helpless weak movement.
The domestic ore market is hovering at a low level, although there is little room for reduction of galvanized pipe, but the individual inventory of large manufacturers still take the way of “price for volume” to improve the turnover, most of the mineral enterprises in wait-and see. Imported ore market slightly higher, on the one hand, benefited from the bottom of the ore in the derivatives market pull litre, on the other hand is affected by the market is expected to rebound, import ore port spot and forward spot prices are rising, but most of the iron and steel enterprises do not look good this rally, give priority to with cautious wait-and-see, clinch a deal to import ore is still difficult to have a moderate, late rising imports of ore is difficult. Overall consideration, the bearish factors in the iron ore market have been diluted, the import ore market may continue to rise, but the mainstream ore price over $100 there is still pressure, the overall will maintain a low state of inflation. “Micro stimulus” effect appears, the second half of the economic situation is warming, steel industry may benefit.
Post time: Dec-13-2021