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The Price Trend of Duplex 2205 Stainless Steel Pipe
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China's infrastructure investment is expected to continue to maintain a rapid growth rate, which is beneficial for the price trend of Duplex 2205 Stainless Steel Pipe
At present, foreign futures markets are closed for holidays, and domestic macroeconomic policy news has been fully released. Futures have hit the bottom and rebounded, entering a repair range, with insufficient upward momentum. The operating sentiment of the duplex 2205 stainless steel pipe spot market is sluggish. Under the influence of the traditional off-season of consumption, terminal procurement continues to be sluggish, market transactions are not smooth, and merchants have a poor mentality of restocking. What is the price trend of duplex 2205 stainless steel pipe in the later stage?
Factors Influencing the duplex 2205 Stainless Steel Pipe Market
High temperatures in multiple cities have slowed down outdoor construction progress
As we enter the end of May, the weather is getting hotter and hotter. The southern region has entered the rainy season, while the northern region has also been experiencing consecutive days of rain. The progress of outdoor construction has slowed down, and the steel consumption for the project has weakened. At the same time, the limited start of infrastructure construction, the weakening of new real estate projects, and overall poor terminal demand have negatively impacted the price trend of 2205 stainless steel pipes.
Increase in iron ore inventory
After the joint crackdown of the National Development and Reform Commission and multiple departments on iron ore, the price of iron ore has weakened, coupled with nine consecutive rounds of increase and decrease in coke, resulting in weaker cost support. In addition, the spot price of Duplex 2205 stainless steel pipes is also at a low level, narrowing the profits of steel companies, and the game between supply and weak demand continues. The overall upward pressure on the market has increased, and the production of steel mills has increased, which is bearish on the price trend of 2205 stainless steel pipes.
Issuance of a new batch of newly added local bond quotas
According to market research, quotas for new local bonds have been issued in multiple provinces and cities, and the progress of subsequent special bond issuance will be further accelerated. The scale of new local bond issuance exceeds 2 trillion yuan, and nearly 80% of the pre approved quota has been completed. The implementation of projects will be accelerated, with increased funding sources and sufficient project reserves. Infrastructure investment is expected to continue to maintain a rapid growth rate, which is beneficial for the price trend of Duplex 2205 stainless steel pipes, but the strength is limited, More macro policy support is still needed.
Duplex 2205 stainless steel pipe price prediction
At present, the global economy is facing severe challenges. The expectation of international capital investment is declining. The stock market and futures market turn around and decline. The operating mood of the spot market is depressed. In the afternoon, the market price drops slightly. At the same time, the operating rate of the steel mill increases month on month. The supply of 2205 stainless steel tubes continues to increase. The decline in inventory is narrowed. The supply and demand pattern is mismatched. And with the increasingly hot weather, the progress of outdoor construction projects is slowed down, and the terminal demand is weakened, The transaction is not smooth, and the focus will be on macroeconomic policy news in the later stage. The stainless steel spot supermarket network predicts that the price of 2205 stainless steel pipes may be stable or weak tomorrow.
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