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The Supply And Demand Structure of Super Duplex 2507 Stainless Steel Pipes Remains Unchanged
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As terminal demand continues to weaken, the supply and demand structure of Super Duplex 2507 Stainless Steel Pipe remains unchanged
The Federal Reserve has raised interest rate expectations again, capital investment enthusiasm has declined, the stock and futures markets have weakened, the operating sentiment of the 2507 stainless steel pipe spot market is sluggish, and the overall trading volume is sluggish. In addition, the production of steel mills this week is basically the same as last week, and supply pressure remains unchanged. As terminal demand continues to weaken, the supply and demand structure has not changed, and the sentiment of merchants to replenish inventory is not high. What is the price trend of 2507 stainless steel pipe in the later stage?
Factors Influencing the 2507 Stainless Steel Pipe Market
Bureau of Statistics: Manufacturing PMI slightly declined in May
According to statistical data, the PMI of the manufacturing industry in May continued to be in a contraction range, and the industry's prosperity still requires more policy support. In addition, as the weather gets hotter and the market enters the traditional consumption off-season, both production and demand have slowed down. The demand in the manufacturing market still shows insufficient, and more macro policy support is still needed, which is bearish for the price trend of 2507 stainless steel pipes.
US debt bill passed by House Rules Committee
On the evening of Tuesday (May 30th) Eastern Time, the US House Rules Committee passed the debt ceiling bill by a vote of seven to six. The bill will enter debate on Wednesday and be voted on in the House of Representatives. The debt ceiling crisis in the United States has hardly left any hesitation time for Congress, and lawmakers are racing against the clock to review the bill to avoid a catastrophic government debt default in early June.
As the U.S. debt crisis becomes more and more serious, the risk of government debt default increases. If the debt default may lead to an uncontrolled slump in the stock market, in order to reduce the debt risk, the U.S. House of Representatives raises the debt limit to maintain economic stability. The US debt ceiling rule will be completely suspended until 2025 to ensure the ability of the Treasury to collect funds and avoid default. At present, the panic of international capital investment has slowed down, but the entire stock and futures markets have slightly declined, causing domestic futures to follow suit and weaken. The operating sentiment of the spot market for 2507 stainless steel tubes is sluggish, and the price trend of 2507 stainless steel tubes is bearish.
Real estate transactions remained sluggish in May
Although the government has repeatedly introduced macroeconomic favorable policies to help restore the vitality of real estate, the 20th National Congress of the Communist Party of China has set the tone for real estate as "only living, not speculation". Domestic residents' enthusiasm for real estate investment has decreased, and the trading volume of new residential buildings has slowed down throughout May. Real estate companies' enthusiasm for land acquisition has decreased, project progress has slowed down, terminal demand has decreased, and the price trend of 2507 stainless steel pipes has been bearish.
2507 stainless steel pipe price forecast
The demand for 2507 stainless steel pipes in the market continues to weaken, the industry's prosperity is divided, and the residents' investment expectation index has fallen. In addition, the continuously hyped flat control policy for crude steel has not been implemented, resulting in an increase in steel factory production and low transaction volume. The market operation sentiment is sluggish, and the investment demand of merchants is weakened. The stainless steel spot supermarket is expected to have a stable and weak operation of 2507 stainless steel pipe prices tomorrow.
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