The 304 stainless steel pipe market has been affected by the concentrated release
Source: Ao Feng DateTime:2019-08-08
Last week, the domestic market price of 304 stainless steel pipe fluctuated at a high level, among which construction steel led the gains and has risen to a new high in the year. As the price rose again, the wait-and-see mood of the 304 stainless steel tube market became stronger, and the high-priced transaction was not satisfactory.
Recently, the 304 stainless steel pipe market has been under the dual influence of centralized production release and environmental protection and limited production. The main basis for making the above judgment is:
First, the National Development and Reform Commission has increased its investment in promoting investment policies. In the future, efforts will be made to promote the implementation of various promotional policies and improve consumer spending power and expectations. Specific measures include: implementing the revised personal income tax law as soon as possible, promulgating relevant supporting systems and methods, clarifying the specific scope and standards of special additional deductions, ensuring that policies are implemented on time; at the same time, increasing financial support for consumption and accelerating consumer credit management models And product innovation to further improve the quality and efficiency of financial services.
Second, the national social inventory of 304 stainless steel pipes continued to decline. At present, the decline of national social inventory for two consecutive weeks is a supporting factor for the steel market to strengthen.
Third, the price of imported iron ore continued to rise last week. According to the monitoring data, as of October 26, the price of 58% grade powder ore imported from Australia was US$63/ton, up by US$2/ton from the previous week; the price of 61.5% grade ore imported from Australia was US$70/ton. , up 2 US dollars / ton from the previous week; the price of 62% grade lump ore imported from Australia is 96 US dollars / ton, up 2 US dollars / ton from the previous week.
At present, the long and short factors in the 304 stainless steel pipe market are crossed, and the internal and external environments are complex, and there are still uncertain factors. The overall performance of the short-term 304 stainless steel pipe market is limited in price increases, and the downside will not be too large. In the latter part of November, this environment may change, and dynamic changes in demand and demand are needed.