Development status of China's pipe market in April 2013

As the forward market continues to decline, the market's pessimism is heating up again, and the transaction prices of merchants are approaching low levels. The terminal demand is limited, and the pipe market is generally closed. Businesses wait and see as the main factor. It is expected that the pipe market will run weakly in the short term.


China's well-known steel spot trading platform, China Steel Spot Network Market Monitoring: Today the average price of 1.5-inch * 3.25 straight seam welded pipes in key domestic cities was 3929 yuan / ton, down 4 yuan / ton. Among them, Shanghai area was 3900 yuan / ton, stable; Beijing area was 3830 yuan / ton, down 20; Tangshan 3680 yuan / ton, down 20; Guangzhou area 4190 yuan / ton, stable. The average price of 4 inch * 3.75 straight seam welded pipes in key cities in China was 3935 / ton, down 3 yuan / ton. Among them, Shanghai area was 3980 yuan / ton, stable; Beijing area was 3810 yuan / ton, down 20; Tangshan 3660 yuan / ton, down 20; Guangzhou area 4190 yuan / ton, stable.


In terms of seamless pipes: Today the average price of seamless pipes in key domestic cities 219 * 6 (8162) is 4,757 yuan / ton, which is temporarily stable. Among them, Shanghai area is 4,450 yuan / ton, stable; Beijing area is 4,550 yuan / ton, stable; Guangzhou area is 5,100 yuan / ton, stable; Changsha is 4,650 yuan / ton. stable.


In terms of raw materials: Yesterday, finished product materials in Tangshan continued to decline slightly, and transactions were weak. Downstream purchases billets on demand. Businessmen wait and see, billet market transactions are not smooth, and they are expected to decline slightly in the short term. Afternoon, the billet remained stable. Tangshan Guoyi, Xinglong and other ordinary carbon billets were shipped at 3260 yuan / ton with tax, low alloy 3380 yuan / ton, and the dealer's ordinary carbon bare price was 3130; Changli included tax to Tangshan 3280.


Futures: Futures 10 opened 3766 higher, fluctuated throughout the day, once fell below the 3700 platform, a minimum of 3678, and then stabilized, closed at 3699, down 21% or 0.56%, the capital was bearish, and the trading volume was somewhat higher than the previous day. Zooming in, positions increased by 139,000 lots.


Taken together: the market is weak and stable today. The release of downstream demand is limited, and market transactions are operating at a low level. In view of the pessimistic market, the procurement of construction sites continues to be delayed, and the pipe market is expected to be weak in the short term.