Back
2017-10.27

Seamless steel tube market is expected to stop a rebound in the short term

Today, the domestic seamless steel tube market decline obviously slowing down. Compared with the fatigue of the plate market, the construction steel performance is slightly stronger and some areas rebound. However, the post festival market procurement has improved, and some areas downstream purchase back temperature, but the overall recovery is not large. And in the manufacturing industry data downturn, the overall mood of seamless steel tube market still has not improved, the atmosphere of the market is not changed. Only on the external factors of the recent seamless steel tube market, the overall load ahead is difficult to have a decent performance. But the slowdown in the growth rate of structural production, the acceleration of social inventory digestion and the overall downturn in economic data make the government's policy adjustment efforts still possible. With the expansion of the international market liquidity and the rebound of capital market in the short run, seamless steel tube market is expected to rebound with the rebound of capital market, and it will not exclude the possibility of a slight rebound in the market.

It is shown that the steel mesh Lange steel information research center monitoring market today, the domestic focus of the city with 25mm grade three steel average price of 3611 yuan (ton price, the same below), yesterday fell 3 yuan; the domestic key city with 6.5mm high average price of 3563 yuan yesterday rose 1 yuan; the domestic key city of 5.5mm hot rolled strip the average price of 3672 yuan, compared with yesterday fell 6 yuan; the average price of the domestic focus of the center city of 1.0mm cold plate for 4792 yuan, compared with yesterday fell 2 yuan; domestic key city 20mm in the average price of 3733 yuan, down 11 yuan yesterday.

The main rebar contract 1310 in early trading on the 3 to 3552 yuan / ton opened, after the opening price shock upstream, all day long the lowest 3545 yuan / ton, the highest 3610 yuan / ton, to close at 3581 yuan / ton compared with the previous trading day (2 days) settlement price 35 yuan / ton, turnover of 3389276 positions, 1508334 hands, 24960 hands.

Raw materials, today, Tangshan area 150*150 carbon billet 31530 yuan, compared with yesterday fell 20 yuan; Tangshan area 65-66 grade acid dry iron ore price 1070 yuan, compared with yesterday fell 10 yuan; Tangshan area two metallurgical coke price 1430 yuan, down 10 yuan yesterday.

Yesterday, the domestic capital market fell sharply after today's bullish raid, the ECB decided its benchmark interest rate by 25 basis points to 0.5%, to cut interest rates after the release, the euro against the dollar rose, exceeded 1.32 mark. The Central Bank of India also announced 25 basis points to reduce interest rates, of which repo and counter repo rates were lowered by 25 basis points to 7.25%, 6.25%, and bank interest rates were adjusted to 8.25%. In addition to the further easing of the international market liquidity, the domestic schedule for promoting the urbanization has also been determined. It is expected that there will be a heavy policy at the end of this year and the end of this year.

The capital market has also been complying with the macro benefit today, but the momentum is relatively weak. In addition to its own near holiday most stable characteristics of the spot seamless steel tube market, but also by the capital market, the willingness to reduce the price of shipments. After the holiday, the procurement operation of the replenishment store is also small. The seamless steel pipe market in some areas has been improved. Meanwhile, after a continuous decline, the demand for seamless steel tube market itself has been repaired, which is expected to make the seamless steel pipe market stop in the short term. And some fell too fast variety are expected to move up in the capital market under the counter.


Prev Next