Is there turning point of steel pipe market

In the 47th week of 2019 (2019.11.18-11.22), the national composite steel price index of Lange steel reached 149.8 points, up 2.79% from last week and down 3.63% from the same period last year.The LGMI long material price index was 167.0, up 4.76% from last week and down 2.88% from the same period last year.The LGMI profile price index was 152.7 points, up 0.59% from the previous week and down 5.63% from the same period last year. The LGMI board price index was 134.3, up 1.60% from last week and down 3.54% from the same period last year.The price index of square steel pipe was 156.1 points, up 0.97% from the previous week and down 6.06% from the same period last year.

According to Lange steel cloud business platform, the main varieties of steel market prices sharply higher such as round steel pipe, compared with last week. Thirty-two of them rose; Nine were flat, up two from the previous week;Two fell, five fewer than last week.The domestic market for steel raw materials has been shaken and consolidated, iron ore prices have been slightly shaken, coke prices have remained stable, scrap prices have risen steadily by 10 yuan, and billet prices have risen by 30-40 yuan.

Steel social inventory continued rapid decline, at the same time, hong kong-listed is again good, emergency management is scheduled for the middle to late November to December, iron and steel industry to carry out the production safety law enforcement spot check, which will further restrict the release of steel production capacity of mild steel tube, so as to make the late hong kong-listed supply pressure eased, but should also see, through continuous pull up quickly, market signs have a fear of heights, and steel mills again profitable, so as to stimulate the production of rapid rebound, but the futures market fall bags for Ann, will become a turning point of the spot market,Steel market high risk is accumulating.Comprehensive, next week the steel market will fall into shock consolidation.

According to Lange steel cloud business platform , next week (2019.11.25-11.29) the domestic steel market price will shake consolidation, long material market price will shake down, profile market price will rise slightly, plate market price shock rise, pipe market price will steady rise.The Lange steel composite price index is expected to fluctuate around 150.4 point, with the average price of steel around 4140 yuan, with an average fluctuation of 10-100 yuan. Among them, the price index of galvanized steel pipe is expected to fluctuate around 165.2 points, down 1.8 points;The profile price index is expected to fluctuate around 153.5 points, up 0.8 points;The board price index is expected to fluctuate around 135.0 points, up 0.7 points;The tube price index is expected to fluctuate around 157.1, up 1.0 points.

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Post time: Oct-23-2020
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