- ABSTRACT:The spot market price fluctuated within a narrow range this week. Affected by the disk rebound, the spot market rebounded slightly in the second half of the week. The low inventory supported the price, and the price increase remained vigorous.
Seamless steel pipes: According to the survey (34 sample seamless pipe factories), the ex-factory prices of seamless pipe factories across the country have been partially lowered this week. As of this Friday, the quotations of some seamless pipe factories have fallen by 50-300 cny/ton. Due to the slow adjustment of the early-stage prices of some tube plants, the ex-factory prices of some mainstream seamless tube plants have fallen by 50-300 cny/ton this week, and the ex-factory prices of most tube plants have remained stable. After the price adjustment of the tube factory last week, the shipment of the tube factory improved slightly. It is expected that with the slight increase in the price of billet and the fact that most of the pipe factories are now in place to compensate for the decline, the prices of seamless pipe factories may run steadily this week.
Last week’s output was 283,900 tons， a week-on-week increase of 22,000 tons, and a month-on-year decrease of 1,700 tons; the capacity utilization rate was 61.7%, a week-on-month increase of 0.47%, and a month-on-year decrease of 0.36%; the operating rate was 52.46%, and the week-on-month increase was 3.28%. A month-on-year decrease of 12.3%; in-plant inventory was 598,000 tons, a week-on-week decrease of 7,000 tons, and a month-on-year increase of 41,800 tons; raw material inventory was 277,300 tons, a week-on-month increase of 14,400 tons, and a month-on-year decrease of 6,900 tons.
Welded pipes: The weekly survey data of longitudinal welded pipe manufacturers (29 companies) shows that the output of welded pipes this week was 396,000 tons, an increase of 25,000 tons on a week-on-month basis, a capacity utilization rate of 75.6%, a week-on-month increase of 4.8%, and an operating rate of 78. %, a week-on-week increase of 2.2%, the factory inventory was 448,000 tons, a week-on-week decrease of 23,500 tons, a raw material inventory of 684,000 tons, a week-on-week increase of 3,800 tons; the output of galvanized pipes (28 companies) was 319,000 tons, A week-on-week increase of 20,000 tons, a capacity utilization rate of 82.3%, a week-on-month increase of 4.7%, a galvanizing line operating rate of 87.8%, a week-on-month increase of 3.9%, a factory inventory of 406,000 tons, and a week-on-month decrease of 9,000 tons. The weekly zinc ingot consumption was 9323.2 tons, an increase of 851.2 tons on a week-on-week basis.
PREDICTION THIS WEEK:
On the whole, the domestic steel market prices showed a slight consolidation trend last week. The futures market fluctuated upwards, the overall market mentality has slightly warmed up, and the price of raw materials has stopped falling and stabilized, which has a certain supporting effect on spot prices. Although it is in the off-season, the supply of steel mills is low, terminal enterprises still have a small purchase demand, and the market inventory continues to deplete. Over the weekend, Premier Li Keqiang said that he will continue to implement a prudent monetary policy, maintain reasonable and sufficient liquidity, reduce the RRR in due course, and increase support for the real economy, especially small, medium and micro enterprises. It is generally predicted that the domestic steel market price will increase strongly this week.
Post time: Dec-06-2021