At present, the market for cold-drawn seamless pipes is running beyond the bottom line of the market, while bulk commodities are subject to the strength of the US dollar and continue the unilateral downward pattern. Negative factors such as capital tightening and industrial adjustments continue to disturb the spot market, and the overall price bottoms There is hardly any improvement, and the downward trend remains unchanged. For steel mills, the new price policy was introduced today, and most of the flat products have maintained a downward tone.
The market price of cold drawn seamless pipes is still in a chaotic decline, and terminal purchases will be reserved. In terms of transactions, according to market feedback, recent market transactions have been weak, with few individual resource shipments. In terms of funds, many traders faced pressure to pay back in March, so funds were more severe. The price of the Fujian cold rolled market is weak and stable. The current market inventory remains low, and merchants are cautious in purchasing goods, making market prices temporarily firm. With the negative pressure brought about by the downward trend of hot rolling, the cold rolling merchants are also showing weakness and lack of confidence in the market outlook, but fortunately, the original stock in the market has always remained low, and merchants are cautious in placing orders. In general, the recovery of market demand is slow and the pressure on market inventory is difficult to alleviate. It is expected that the domestic cold rolled market prices will continue to be weak in the short term. At the opening this week, mainstream markets such as Beijing, Hangzhou, and Shanghai all fell slightly. In the local market, due to the late opening of the market, market prices are mostly stable. It is understood that the market inventory rose significantly during the holiday season, and merchants felt the pressure on inventory after the market opened. In addition, just after the Spring Festival, the downstream construction site operation rate was low, only a few construction sites were slightly purchased, and the actual transactions of the merchants had a small price concession. Very few aluminum plate merchants The daily transaction volume can reach about 1,000 tons, and transaction resources are basically concentrated in low-priced small factories.
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