The 304 stainless steel seamless pipe market has eased the pessimistic expectations

In 2018, the high temperature and low season was uncharacteristic. In July, the supply and demand fundamentals of 304 stainless steel seamless pipes continued to improve. The traditional off-season 304 stainless steel seamless pipe inventory continued to decline. What is behind this?

In terms of sub-regions and varieties, the inventory of 304 stainless steel seamless pipes decreased relatively this week. The reason is that analysts said that the inventory in East China has decreased more this week than last week. The reason is that the price of resources in the north is higher, the willingness of traders to get goods is low, and the arrival of goods in East China is less, eventually leading to short-term East China. Passive drop library.

After the Spring Festival, the inventory pressure of the southern 304 stainless steel seamless pipe is generally large, and affected by funds and mentality, the price decline is ahead of other regions, and the spread between the north and the south is gradually narrowing, which in turn affects the supply of foreign materials. Since April, arrivals outside the province have continued to be low. Although the southern part of the country is in the traditional off-season of the rainy season and high temperature after May, the market demand for 304 stainless steel seamless pipes has gradually recovered since April, and the spot market rebounded. In the case of limited supply outside the province, the social inventory is still in the situation. In the state of gradual digestion, which takes Guangzhou market inventory as an example, it is currently at the low point of the year, which is similar to the inventory level in the same period last year.

Zheheng steel analysis, 304 stainless steel seamless pipe inventory continued low, Tangshan environmental protection production and other reasons further boosted the futures disk price. From the night of yesterday's night, the futures rose again. As of Friday's press release, the futures hit a new high in the morning, confirming the judgment of the price of 304 stainless steel seamless pipe in early May.

The recent central government's expansion of domestic demand, local debt will usher in the peak of the second half of the year, the growth rate of infrastructure investment is expected to bottom out, and the stable monetary policy is moderate, etc., making the original 304 stainless steel seamless pipe market pessimistic for the second half of the economy. Expected to ease, superimposed the recent low-end 304 stainless steel seamless pipe inventory, the large-scale environmental protection and production restrictions in winter prompted the fundamentals of tight supply and demand, which gave birth to the momentum of continued price hike. Although the market may be repeated, but the price will not stop there, there is still momentum.