Stocks quotation of 304L stainless steel pipe
We have Stocks 304 / 304L stainless steel pipe , Cold drawing seamless stainless steel pipe
After the overall rise this week, it fell back. The overall trend of 304L stainless steel pipe inventory price is consistent. The changeable epidemic situation affects the overall supply and demand situation, prompting the disk to start all the way down. Affected by the continuous decline of futures this week, the spot quotation of 304L stainless steel pipe has formed a support at the bottom. It is expected that the future market will run from decline to rise.
Supply and demand analysis of AISI 304L UNS S30403 EN1.4307 stainless steel pipe
Supply: the charge price dropped significantly after the regular meeting of the national development and Reform Commission, and the finished product end fell more along with the raw material end. According to the weekly data of 304L stainless steel pipe this week, the table needs to increase greatly, the increase of output is limited, the inventory is large, and the fundamentals of 304L stainless steel pipe are strengthened seasonally. Due to the closure of the epidemic in Tangshan, the operating rate of rolling mills has decreased and the new output is limited. Although the disk profit of the steel plant is stronger, the immediate profit of the steel plant is still low, and the driving force of the steel plant to increase production is not strong.
Demand: if the epidemic continues to improve and optimistic, there will be a wave of concentrated demand release in East China in mid May. On the whole, the fundamentals of steel for building materials are stronger seasonally. However, at present, the market of 304L stainless steel pipe is stable and the expected price is very high. It is feared that the demand will be lower than expected in the later stage. The trend of steel for building materials is expected to follow the charge price and fluctuate centered on the profit of steel mills.
Price forecast of 304 / 304L seamless stainless steel pipe:
At present, the price of 304L stainless steel pipe has begun to stabilize around the bottom. Affected by objective reasons such as cost and steel plant guidance, the overall market is still wide and volatile. However, different from the middle and early days of April, at present, the demand for 304L stainless steel pipe is strong, but the dynamic clearing of the epidemic situation has improved, superimposing the normal operation of toll stations and service areas in 22 provinces. As of 24:00 on April 22, 2022, 16 toll stations have been closed on expressways in all provinces (autonomous regions and cities), accounting for 0.15% of the total number of toll stations. Of the 30 provinces, 22 have no closed highway toll stations and service areas. In late April, the probability will maintain a steady upward trend. Key factors for next week: 1. Whether the policy continues to work; 2. Whether the demand for building materials can be released before labor day. Overall, the price of 304L stainless steel pipe will first fall and then rise next week.
