The demands of steel pipe market

At present, the inventory of most varieties like steel tube china is still in a state of small reduction, and the short term weak demand has not yet constituted the inventory pressure. In addition, after the official implementation of the tax reform this week, some wait-and-see purchasing terminals may start to resume purchasing, so there is still a certain point of support for spot goods. However, on the other hand, with the price of the early rising, most areas have been significantly blocked high transaction phenomenon, so the recent price adjustment is also a kind of repair performance. From the recent market, VAT invoices will all adopt new policies this week, the impact of tax point adjustment on the market to reduce the impact; In the steel consumption season, the construction site and the downstream industry demand is strong, steel market inventory continues to decline, businessmen sales pressure is not strong, the desire to ship at a low price is not strong.

This week is a period of strong steel market demand of rectangular hollow section, high release of building materials demand, manufacturing demand steady growth;Terminal project procurement continues to increase, market transactions or further active; April blast furnace production, supply may increase, steel storage speed continues to slow, traders cautious to market, the market or now shock market, the overall range is limited. Attention: 1. Resume production schedule of blast furnace in the regions with limited production in environmental protection and schedule of resume production in the middle of April; 2. The speed of steel stock reduction of square steel pipe in the company and the factory, and the increase and decrease of the stock value of rebar and coil in key areas;3. Recovery of shipments of imported iron ore from Australian ports;4. The impact on market prices after the implementation of the tax reduction policy on April 1;5. Pay attention to the outcome of negotiations and whether there is any reserve policy adjustment.

In the short term, with the release of favorable news about the reserve requirement reduction and iron ore production reduction, the bearish sentiment in the market tends to improve, but it is still mainly due to the hot speculation on the news surface, the market is waiting for the real landing, and vale’s market share is around 30%, which has not yet taken absolute control.Moreover, with the decrease of tax rate and scrap cost, steel pipe suppliers will adjust it with substitutes. Therefore, as a short-term influence factor, the cooling will still return to the fundamentals of steel market.