11 domestic steel city continues to fall in Yin mode.Finished products, in addition to the average price of hot rolling down to more than 60 yuan, thick wall seamless steel pipe down in 20 or 30 yuan hovering.Although the overall decline is less than last week, but this pattern of continuous decline is also more wearying.Billet prices since yesterday’s small decline, this afternoon to continue to make up for the fall.The overall seamless steel pipe market trading atmosphere is relatively cool.
Into this week, the market temporarily bid farewell to the slump mode, but as the author said in the early days, after the previous sharp rise and slump, the thick-walled seamless steel pipe market into the fatigue period, although the accumulation of foam is effectively squeezed, the short term collapse again reduce the possibility.But the overall feeling is still not a fall in place, the market is still in a weak pattern.In the near term, due to the xiongan and other topics of good news speculation no fruit, short term and do not see good
Support, the overall market to break up the inability to continue to break down.Another – aspect, circulation link inventory high, steel mills are still affected by profit
However, production at full capacity, thick wall seamless steel pipe factory inventory also has a rising trend in the near future.With the tightening of national monetary policy, large and medium-sized enterprises feel inadequate in the capital turnover, and small and medium-sized enterprises are hard pressed, so the overall performance is relatively weak.From the market feedback, from the small and medium-sized terminal procurement significantly reduced, can also be taken as evidence.This is why the market – straight down, and the steel mill production enthusiasm has been high one of the main reasons.
But this point was confirmed this week, 3000 points near the encounter with support, nearly two days long air force at 3000 points to fight, repeatedly
Seesaw, although it is still low shock, but the alloy steel pipe position has increased, today night does not rule out low rebound, but want to pop up
B: I’m afraid it will be very difficult.The author thinks, this week’s logic basically revolves around the result of market psychology and capital operation, if break through 3000, and – go down, the market psychology appears the probability of panic is bigger, spot market also can be dragged down.If – goes all the way to 3000
Point hovering, the overall market price of thick – wall seamless steel pipe is still afraid to keep Yin die.
Post time: Jun-03-2019
