Steel pipe market price forecast

Steel pipe market price forecast

Inventory: this week's total inventory of steel 23.3447 million tons, a decrease of 69,500 tons week on week. Among them, steel mills inventory 6.8514 million tons, an increase of 337,700 tons week on week; The social inventory of steel was 16.493,300 tons, down 407,200 tons week on week.

Due to a large area of transportation in many places blocked, resulting in steel delivery affected, inventory in the factory continues to accumulate, and traders to avoid market risks, take the initiative to warehouse.

At present, the epidemic situation in China is spreading in many places, and there are different levels of control and even containment policies. Many places are facing difficulties in logistics distribution, delayed construction sites, and mismatched supply and demand of regional resources. Weaker than expected demand in April kept steel prices in check. At the same time, high costs and the central bank to cut expectations of steel prices formed support. Short - term market uncertainties are still many, steel prices or continue to range shocks.