At present, there are fewer cold-rolled resources on the market. Although there are a small amount of resources to supplement the market one after another, overall, the resources available for circulation in the market are still limited. Under relatively low inventory, the price is slightly supported. However, it is not excluded that some areas with more resources adopt a price-shifting operation mode. On the demand side, traders admit that the downstream industries such as automobiles and home appliances are still in a slump, and market demand is still sluggish. It can be well confirmed from the daily light transactions. In the traditional sales season in April and May, the market performance was disappointing. For the upcoming off-season in June, business confidence was obviously insufficient, and there was still a bearish expectation for the market outlook. From the perspective of comprehensive supply and demand, the current pattern of imbalance between supply and demand in Chongqing stainless steel pipes still exists, and it is difficult to improve in the short term. With the arrival of goods in the later stage, Guiyang seamless steel pipe business sales pressure may be highlighted, in order to seek shipping, price reduction promotions or become mainstream. But given that prices are already in a lower position, the decline may narrow. In view of this, it is expected that the domestic cold-rolled coil market price may continue to be weak in the short term.
The leading city of Beijing and Tianjin market has stabilized and declined today, and Shanghai's overall price has stabilized. The second and third tier markets remained stable overall. In the past weekend, the market transactions have not changed much. Regardless of the Beijing-Tianjin-Shanghai leading cities or the peripheral markets of provincial capitals and steel production bases, the agreement households and middlemen do not have much action. The volume of seamless steel pipes in Guiyang is also limited, and the contradiction between supply and demand in the market has not changed. In June, the market also ushered in the traditional off-season. The sharp rise in temperature in the northern market and the increase in rain in the southern market are a blow to market demand. In this context, macro fundamentals have no factors that can boost the market. Therefore, it is expected that the market in this month will continue the trend of small fluctuations and overall weakening last month. The business mentality is slightly calm, focusing on inventory and funding. It is expected that the domestic building materials market will continue to be in a weak operating situation in the next two days.
