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Stainless steel pipe prices in May will rebound?
Nov 06, 2017Jun 05, 2016

In early April, the output and inventory of key enterprises rebounded significantly, indicating that the steel production is still accelerating, the stock pressure increases, how the late steel to inventory, the market trend will form a greater pressure.


On the whole, the current increase in steel production is greater than demand. From the inventory point of view, by the impact of improved market conditions last year, a substantial increase in social inventories, price cuts open market confidence in the case of lack of traders will significantly increase shipments, which also increased the market supply and demand contradictions. The current market trading atmosphere has been warming, business increase in pre-holiday replenishment. The current state-owned enterprises and other parts of the business will be in a semi-rest state, the market as a whole will be accompanied by the arrival of the holiday to reduce the arrival of this before the environmental protection and individual resources shipped improved, the downstream and the terminal merchandise replenishment was excited, Finished goods as a whole continued heavy volume shipments, inventory pressure to ease a little.


For the market outlook, steel prices in a few days after the pull up, the market still exists risk. On the one hand, the current steel production is still high, coupled with the recent benefits improved, less power cut. On the other hand, whether the demand for postganglionic downstream is still too early to say. On the whole, the market outlook, the negative level can not be underestimated, the price of short-term shocks may be more powerful, but in the long run, should not blindly chase.


Demand, the real estate development enterprises in March housing construction area of 6369.77 million square meters, an increase of 3.1%, of which residential construction area increased by 2.2%. Housing new construction area of 315.6 million square meters, an increase of 11.6%, of which residential construction area of 227.51 million square meters, an increase of 18.1%. Housing completed area of 230.31 million square meters, an increase of 15.1%, of which residential completed area of 165 million square meters, an increase of 13.7%. The overall data is still beautiful, but more than in February, year on year increase in a larger decline.


As for the automotive sector, according to the Auto Association data show that in March the car production and sales were completed 260.4 million and 254.3 million, production and sales increased by 3% and 4% growth rate compared to the same period last year fell 7.2 and 4.8 percentage points.

  

  





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