Affected by the Federal Reserve and the international bank event, the stock market and futures market fell sharply, driving domestic futures down, stainless steel seamless tube spot market price followed the decline into the adjustment and repair stage, plus when the traditional consumption season, the toughness of the terminal demand is still in, by the impact of futures rebound, spot price slightly up, merchants replenishment sentiment driven, Later stainless steel seamless tube price trend? Affected by the Federal Reserve and the international bank event, the stock market and futures market fell sharply, driving domestic futures down, stainless steel seamless tube spot market price followed the decline into the adjustment and repair stage, plus when the traditional consumption season, the toughness of the terminal demand is still in, by the impact of futures rebound, spot price slightly up, merchants replenishment sentiment driven, Later stainless steel seamless tube price trend?
Key cities new house transaction area hit a new weekly high in the year March 20 – March 26, 10 key cities new commercial housing transaction (contract) area totaled 3,596,800 square meters, a week-on-week growth of 6.2%, hit a new weekly transaction high since 2023. During the same period, a total of 2,573,800 square meters of second-hand housing were sold (signed) in 10 key cities, up 12.6 percent from the previous week. After the epidemic, the national focus to support economic development, and real estate as an important part of the economy, in a number of macro-policy boost, last week’s new house transaction area in key cities hit a new weekly high within the year, domestic housing just need to be driven, the real estate market is expected to pick up, driving stainless steel seamless tube demand, good stainless steel seamless tube price trend. According to the latest data of the General Administration of Customs, in 2023 from January to February, China’s cumulative export of steel 12.191 million tons, a year-on-year growth of 49.0%. From January to February, China imported 1.231 million tons of steel, down 44.2% year on year.
Export increased significantly, import decreased significantly, the net export is also in a relatively high position in recent years. According to statistics, our January to February steel exports increased year-on-year, imports significantly reduced, relieve the domestic stainless steel seamless pipe supply pressure, plus the traditional peak season, stainless steel seamless pipe terminal steel demand is still resilient, with bad news at home and abroad, the market appeared a small rebound, merchants fill the inventory sentiment driven, the overall deal volume, Positive stainless steel seamless pipe price trend. Central Bank: Today to conduct 278 billion yuan 7-day reverse repurchase operations, the winning rate of 2.00%, unchanged from the previous. With 182 billion yuan of 7-day reverse repos maturing today, net issuance reached 96 billion yuan on that day. With the ferment of the international banking event, the domestic central bank in order to prevent the same event, increase the amount of capital, keep the bank fund epidemic abundant, at the same time, increase the investment in infrastructure, real estate, automobile and other industries, increase residents’ income, expand residents’ consumption, drive the demand for stainless steel seamless pipe, positive price trend of stainless steel seamless pipe.
At present, the Ministry of Finance, the State Administration of Taxation issued the announcement of small and micro enterprise income tax preferential policy, to help enterprises rescue difficulties, increase resident income, expand domestic consumption, coupled with the interbank market overnight repo rate is low, the bond market returned to the downward track of interest rates, the central bank financial support, the stainless steel seamless market liquidity is abundant, Make it easier to invest. According to statistics, a number of listed housing enterprises issued financing plans, many housing enterprises a single financing line is higher, the overall financing rate is relatively low, housing enterprises financing significantly recovery, project construction is expected to accelerate, expand the demand, at the same time when the stainless steel seamless pipe demand peak season, the real demand is still worth looking forward to, it is expected that the price of stainless steel seamless pipe will be stable in the run. Key cities new house transaction area hit a new weekly high in the year March 20 – March 26, 10 key cities new commercial housing transaction (contract) area totaled 3,596,800 square meters, a week-on-week growth of 6.2%, hit a new weekly transaction high since 2023. During the same period, a total of 2,573,800 square meters of second-hand housing were sold (signed) in 10 key cities, up 12.6 percent from the previous week. After the epidemic, the national focus to support economic development, and real estate as an important part of the economy, in a number of macro-policy boost, last week’s new house transaction area in key cities hit a new weekly high within the year, domestic housing just need to be driven, the real estate market is expected to pick up, driving stainless steel seamless tube demand, good stainless steel seamless tube price trend.
According to the latest data of the General Administration of Customs, in 2023 from January to February, China’s cumulative export of steel 12.191 million tons, a year-on-year growth of 49.0%. From January to February, China imported 1.231 million tons of steel, down 44.2% year on year. Export increased significantly, import decreased significantly, the net export is also in a relatively high position in recent years. According to statistics, our January to February steel exports increased year-on-year, imports significantly reduced, relieve the domestic stainless steel seamless pipe supply pressure, plus the traditional peak season, stainless steel seamless pipe terminal steel demand is still resilient, with bad news at home and abroad, the market appeared a small rebound, merchants fill the inventory sentiment driven, the overall deal volume, Positive stainless steel seamless pipe price trend.
Central Bank: Today to conduct 278 billion yuan 7-day reverse repurchase operations, the winning rate of 2.00%, unchanged from the previous. With 182 billion yuan of 7-day reverse repos maturing today, net issuance reached 96 billion yuan on that day. With the ferment of the international banking event, the domestic central bank in order to prevent the same event, increase the amount of capital, keep the bank fund epidemic abundant, at the same time, increase the investment in infrastructure, real estate, automobile and other industries, increase residents’ income, expand residents’ consumption, drive the demand for stainless steel seamless pipe, positive price trend of stainless steel seamless pipe.
At present, the Ministry of Finance, the State Administration of Taxation issued the announcement of small and micro enterprise income tax preferential policy, to help enterprises rescue difficulties, increase resident income, expand domestic consumption, coupled with the interbank market overnight repo rate is low, the bond market returned to the downward track of interest rates, the central bank financial support, the stainless steel seamless market liquidity is abundant, Make it easier to invest. According to statistics, a number of listed housing enterprises issued financing plans, many housing enterprises a single financing line is higher, the overall financing rate is relatively low, housing enterprises financing significantly recovery, project construction is expected to accelerate, expand the demand, at the same time when the stainless steel seamless pipe demand peak season, the real demand is still worth looking forward to, it is expected that the price of stainless steel seamless pipe will be stable in the run.
original source: https://www.sdxhsteel.com/news/stainless-steel-seamless-tube-spot-market-price-to-follow-down-after-entering-the-adjustment-repair-stage/
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