The price of Jingtang welded pipes has slightly loosened, and the market transaction is average
Author：管理员 Dtime：2018-03-16 17:01:07 Browse (48)
Memo：The price of upstream strip steel has slightly increased, and the mentality of traders has improved. However, downstream demand is difficult to release, and market transactions are average.
The price of upstream strip steel has slightly increased, and the mentality of traders has improved. However, downstream demand is difficult to release, and market transactions are average. Recently, the price of welded pipes nationwide has slightly fluctuated, and the price in the Beijing Tang region has slightly declined. According to the monitoring of Zhejiang Special shaped Steel Pipe Network by Ganglian, the cost of 4-inch welded pipes has slightly decreased by 2 yuan/ton compared to the previous day, and is reported at 4249 yuan/ton.
Specifically, the Tangshan market experienced a slight decline, with the main reason being that over the weekend, the market showed a lackluster performance and the turnover of factory capital was relatively weak. In response to such environments, traders often adopt a plan of taking turns on vacation. Although the cost of Tangshan welded pipes has declined today, traders have responded to the mutual influence of external and PMI data, resulting in an improved inquiry environment in the early trading session.
The report stated that the EU summit ended as scheduled, but the functionality of the EU summit was unexpected, leading to a gradually broader and more cheerful European scene, and a stronger belief in market decisions among investors.
Although the situation in Europe is favorable, the June manufacturing PMI data released by the National Bureau of Statistics on the 1st showed a continuous decline for 7 months, and the China manufacturing PMI data released by HSBC this day also remained below 50 for 8 consecutive months, indicating that China's economic growth rate continues to decline.
It is worth noting that the decline in PMI in June has slowed down compared to the previous month. Market analysis suggests that China's economy may bottom out in June, and the economy will gradually recover in July and the next six months. The response to the steel market is that downstream demand is gradually releasing, market trading volume has rebounded significantly, and steel prices are steadily rising.
Specifically, the Tangshan market experienced a slight decline, with the main reason being that over the weekend, the market showed a lackluster performance and the turnover of factory capital was relatively weak. In response to such environments, traders often adopt a plan of taking turns on vacation. Although the cost of Tangshan welded pipes has declined today, traders have responded to the mutual influence of external and PMI data, resulting in an improved inquiry environment in the early trading session.
The report stated that the EU summit ended as scheduled, but the functionality of the EU summit was unexpected, leading to a gradually broader and more cheerful European scene, and a stronger belief in market decisions among investors.
Although the situation in Europe is favorable, the June manufacturing PMI data released by the National Bureau of Statistics on the 1st showed a continuous decline for 7 months, and the China manufacturing PMI data released by HSBC this day also remained below 50 for 8 consecutive months, indicating that China's economic growth rate continues to decline.
It is worth noting that the decline in PMI in June has slowed down compared to the previous month. Market analysis suggests that China's economy may bottom out in June, and the economy will gradually recover in July and the next six months. The response to the steel market is that downstream demand is gradually releasing, market trading volume has rebounded significantly, and steel prices are steadily rising.
