Steel pipe
As of press release, the steel pipe contract is reported at 3768 yuan/ton, which is 18 yuan/ton higher than the steel pipe market of three anti-seismic steel pipe (management); In 31 major cities in the country, and a few other markets, the price of steel pipe rose by 10-20 yuan/ton, and most markets maintained stable operation.
Macro: four departments...
As of press release, the steel pipe contract is reported at 3768 yuan/ton, which is 18 yuan/ton higher than the steel pipe market of three anti-seismic steel pipe (management); In 31 major cities in the country, and a few other markets, the price of steel pipe rose by 10-20 yuan/ton, and most markets maintained stable operation.
Macro: four departments such as the National Development and Reform Commission issued a document to promote the steady decline of loan interest rates and optimize preferential tax policies; J.p. Morgan expects China's GDP to grow 5.2% this year; The minutes suggest the Fed will keep rates on hold for longer; The United States has announced that it will impose tariffs on Chinese electric vehicles, batteries and chips from August 1.
Industry: on May 23, the total steel pipe inventory of 114 steel mills was 27.5361 million tons, an increase of 731,700 tons from the previous period; On May 22, 237 mainstream traders traded 161,800 tons of construction steel pipes, an increase of 20.7%. Crude steel production in the 71 countries included in steel statistics was 155.7 million tonnes in April, down 5.0% year-on-year.
Buoyed by favorable real estate policies, the supply and demand of steel pipes may continue to rise this week, and inventories may further decline. At the same time, iron ore, scrap and other raw fuel prices have strengthened, and the cost of steel price support has also increased. However, due to a certain fear of high sentiment in the market, short-term steel prices or shock operation.
