Steel Pipe Price on the Domestic Steel Market

Recently, the domestic steel market by the entity economic growth atrophy in drag, steel prices fell unilateral. The contradiction between supply and demand of long-term accumulated suddenly intensified due to the price of steel fell. To enter the off-season, steel prices continued to weaken in a record low level in a year, once again facing the loss of steel mills, short-term domestic steel city to balance.

The domestic steel market prices rebound slightly, especially steel pipes for shipbuiling , the market turnover situation continues to improve, inventory growth continued to slow down. Futures prices rose sharply last week stirred the market nervous, weekend and early this week, around the various varieties of steel price rebound trend, individual regional prices rebound rate reached 100 yuan. But this week the price rise is not everything is going smoothly. Chuchong, week after week high, fell again, bounce rate nearly fell. But the weekend approaching, prices are rising again and the spot transaction volume driven by a rebound in the stock market again, futures prices.

At present, the domestic steel demand is still in the recovery phase, has not reached the highest level, therefore purely demand pull steel prices is still very big, but also on the stock market, futures and other financial products strength. Friday, whether the stock market or steel futures slightly vulnerable, continuous need down to adjust prices, Friday around the spot transactions have been vulnerable to price of Shanghai, some areas have become weaker continues, expect this weekend, early next week, domestic steel spot market prices have dropped slightly may. But the trend from the point of view, will demand continues to release. This will pull on the price of steel pipe.