Thick wall seamless steel pipe market oversupply

The output of crude steel increased slightly for two consecutive months. The contradiction between supply and demand of thick-walled seamless steel pipe market was prominent, and the price of steel fell. Steel prices rebounded slightly in October, but due to the overall supply and demand situation, steel prices will show a small dynamic trend in the later period. The main problems that need to be paid attention to in the later stage of the market: First, the output of crude steel increased slightly, and the contradiction between market supply and demand has not eased. Second, the steel exports are exchanged for price, and the variety structure needs further optimization. Third, the price of imported iron ore has rebounded, and the trend in the later period needs attention. Judging from the market feedback, the Shanghai market price fell slightly, the market turnover was not good, the business mentality was pessimistic, and the short-term price is expected to be weak. The market price in Beijing fell weakly, the market turnover was sluggish, and the wait-and-see attitude of the merchants was strong. Overall, the decline in hot-rolled futures led to a fall in spot prices, market transactions returned to a downturn, and downstream was a wait-and-see mood. It is expected that mainstream prices in the short-term market will continue to be weak. 
 The situation in some areas is as follows. Shanghai Hot Roll: On the 23rd, the Shencheng hot-rolled coil market was exhausted, and some of the big ones exchanged nearly 2,000 tons of shipments with the low-priced sales strategy of 2,940 yuan/ton in early trading, but other merchants It is difficult to keep up. Due to the impact of new materials such as Yangang and Tonghua, the current price of Shencheng hot-rolled coils above 3.0mm is relatively low. In addition, the wide-volume resources are still not much, and the supply of common carbon wide rolls is relatively tight, so the price is relatively stable. The decline in afternoon futures has widened, the downstream procurement has slowed down, traders’ shipments have shrunk, and the expansion of bargaining space has been difficult to achieve. Today, on Fridays, industry insiders generally believe that the market price weakness is difficult to improve. After all, the spot supply and demand pattern remains unchanged, and the continued transmission of pessimism may lead to more dealers joining the decline. 
 In the near future, the market has received less goods, and the inventory is at a level where there is no drop in the market. The market resources are concentrated in the hands of individual large households, and the leading role of large households is more prominent. This week, the market mentality has turned worse than after the National Day, and the attitude of optimism in the previous period has also been reversed. Especially this week, the billet price has rushed back, and the business mentality is even more impetuous, especially in the days when the order is placed near the end of the month. Stronger, the incentives increased. Judging from the current situation, the driving force for the continued price increase in the later period of A is insufficient. It is expected that the market will continue to moderately consolidate in the near future. Downstream users' procurement plans have generally slowed down, and there are not many quotes for traders' feedback. Most merchants have less than 500 tons of daily shipments, and some are close to 1,000 tons.