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45# seamless steel pipe market is still worth looking forward to after the steel market price surges

Date:2018-12-14    View:176      Tag:45# seamless steel pipe market is still worth looking forward to after the steel market price surges
Recently, the price of 45# seamless steel pipe has skyrocketed and plummeted. After the violent rise, the market quickly returned to calm. According to industry analysts, the current stock market of 45# seamless steel pipe is still low, and the market is steadily rising. It is worth looking forward to the recent surge in the price of 45# seamless steel pipe. After the violent rise, the market quickly returned to calm. According to industry analysts, the current stock market of 45# seamless steel pipe is still low, and the market is steadily rising.


Rise and fall


"Domestic 45# seamless steel pipe prices have come out of the rare surge in the past five years." For the recent 45# seamless steel pipe market trend, analysts described it.


On March 4th, 7th and 8th, for three consecutive days of strong daily limit, the overall sentiment of 45# seamless steel pipe futures and spot market was brought crazy. Subsequently, the whole period of the market fell, the market violence rose sharply and quickly retreated, and some of the finished products plummeted to the low point before the surge. The ruling operation of the roller coaster market can be seen in irrational operations.


Analyst analysis pointed out that "this wave of steel prices is starting from the Spring Festival, and it has reached a climax after two consecutive weeks of increase. The outbreak node should be a continuous short-selling market staged in the steel market, which will ignite the overall market sentiment. Tangshan The World Expo’s environmental protection draft has helped the market, and with the help of the already existing low inventory advantage and the anti-twitching energy after the oversold, the overall performance has exploded."


Expected to rise steadily


It should be noted that the current inventory of 45# seamless steel pipe market is still low. Before the market surged, the leading edge of the circulation and the hot-rolled coils in the circulation sector showed a relatively tight resource situation. It is understood that the resources of large households in major regions are still relatively tight. Although the market is quick to retreat, it is also within the expected range of the business, and the time for the resources of the steel mills is uncertain. After the steel price plummeted, there was still support below.


Analysts pointed out that with the hot property market after the Spring Festival echoes, the down payment, the deed tax and other benefits are frequent, driving the property market in the first and second tier cities to rise, and the third-tier cities will follow suit. The liquidity plus code reflected in the easing policy is also beneficial to the recovery of the 45# seamless steel pipe market. In addition to the market confidence driven by the recovery of the real estate market, the steel market's overall rise after the Spring Festival has also given the market a positive expectation, which has become a factor contributing to the market's rise.


According to data monitoring, the average price of 61.5% of Australian flour is currently around 480 yuan / ton, the Platts index rose to above 60 US dollars; and the BDI index rose for 16 consecutive trading days after the Spring Festival, the shipping market showed a warming momentum.


However, the surge in timber production has also stimulated the resurrection of some zombie companies. Some steel mills have resumed production in the near future. The ore market, even if some large foreign mining companies have introduced production reduction plans to ease the pressure on iron ore resources, some Mining companies with a cost of around US$60/ton are also unable to start shipping, and the supply increase of iron ore has increased, which has raised the production cost of steel mills. It is expected that this transmission will be reflected later.


For the future market, the analyst said: "After these days of skyrocketing, the market has gradually returned to rationality. Under the tight supply background, the price of 45# seamless steel pipe may continue to rise, but it will be relatively mild."

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