Today, domestic spiral steel pipe prices are experiencing a narrow range fluctuation. As the holiday approaches, market sentiment is cooling, with some bullish investors lifting prices, but others remain skeptical of the current market performance, maintaining a pessimistic outlook and selling at reduced prices, revealing market disagreements. Tomorrow, the last trading day before the May Day holiday, is expected to continue the consolidation trend. With the holiday effect in play, spiral steel pipe prices may continue to show a narrow, slightly stronger trend.
The overall weak trend in spiral steel pipe prices continues, with high production levels, weak downstream demand, and a slow pace of inventory reduction, all制约ing the prices from showing a bright performance. New data shows that the crude steel daily production reached 1.689 million tons as of mid-April, down 0.5% from the previous ten-day period, with an estimated national daily production of 2.116 million tons, down 0.4% from the previous period. As spiral steel pipe prices continue to fall, manufacturers' production enthusiasm has decreased slightly, with a certain decrease in output, but not significantly. However, the decline in the steel market's circulating inventory has accelerated, and the pace of inventory reduction has slightly picked up. Considering the upcoming holiday, downstream buyers may engage in stock-up operations, and it is expected that spiral steel pipe prices may stabilize or slightly strengthen tomorrow.
