Sanitary grade stainless steel pipe

Futures dynamics:
Recently, the macro positive situation has continued to increase. The GDP of the first quarter announced in the morning increased by 4.5% year on year, 2.2% month on month compared with the fourth quarter of last year, which is much higher than expected. However, the growth rate of the national real estate development investment and urban fixed assets investment in the first quarter has weakened. The transmission of the rebound in real estate sales to new construction projects is still hindered, and the trend of demand falling after the May Day holiday is the general trend. The weak trend of sanitary grade stainless steel pipes remains unchanged in the mid-term, and a rebound is a good shipping opportunity.

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Spot market:
Building material prices have started to rebound slightly this week, and trading volume has also improved compared to last week. The heavyweight economic data for the first quarter has been released, with GDP growth exceeding market expectations by 4.5% year-on-year. The latest announcement of new RMB loans and social finance growth in March hit a new historical high, and foreign trade improved in March. Steel exports increased by 59.6% year-on-year. Recently, there have been continuous positive news in the market. Moreover, there are signs of stabilization in the real estate market, coupled with slower inflation in the United States and slightly higher expectations for interest rate cuts, the most intuitive manifestation is that the market trend has improved. However, the panic sentiment in the early stage has not been completely eliminated, and some merchants in the sanitary grade stainless steel pipe market are still lowering prices to ship, resulting in a weak bottom price. It is understood that the third round of coke reduction has already been implemented, and a fourth round is expected to continue. Overall, there is a stock demand in the market before the May Day holiday, and stainless steel spot net expects strong fluctuations in the price of sanitary grade stainless steel pipes before the holiday.


Post time: Apr-20-2023