What Are The Factors Affecting The Price Trend Of Seamless Steel Pipe?

1. The steel mill's inventory resources are reduced, the market resources are tight, and the price of SA213 Seamless Steel Pipe continues to climb. The steel mills are working hard to increase production and replenish inventory.

2. The performance of the steel three quarterly report rose sharply. Domestic "black" bulk commodities have risen again, and iron ore and seamless steel pipes have all risen. In the 2018 commodity market, the price of X42 Seamless Steel Pipe in the second half of the year rose particularly rapidly. To this end, the A-share steel sector announced this week has performed brilliantly, and the net profit of many companies has skyrocketed, doubled, and the investment value has increased. Behind the sharp rise in prices is the fact that the structural reform of the supply side of the country has begun to bear fruit.

3. The futures market rebounded and the upward rhythm did not change. After the callback, it will rise again. Today, it will fall as expected. It is expected that the seamless steel pipe iron ore at night will continue to fall.

Raw material market

Iron ore: sharply rising Although the market ore fundamentals continue to improve, but the excessive price increase of mines is also the sustainability of overdrafts. Today, domestic miners are mainly passively rising, and steel mills have to purchase high prices to ensure production. It is expected that iron ore will continue to operate strongly tomorrow.