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What is the current market trend for 304L stainless steel seamless pipes?
Release time:
2025-03-26
Due to continued weakening demand, the impact of the epidemic, and conflicting market sentiment, market trading volume has continued to decline, and the total inventory of 304L stainless steel seamless pipes in factories and society has increased, indicating a decline in demand. Meanwhile, due to declining gross profit margins and various other factors, steel mills are increasing maintenance, resulting in a slight decrease in the production of 304L stainless steel seamless pipes compared to last week. It is important to note that total production remains largely in line with the same period last year, while total inventory is lower than last year. The fundamentals lack upward momentum, and market conditions continue to be driven by macroeconomic expectations and capital flows.
Due to continued weakening demand, the impact of the epidemic, and the tangled psychology of market contradictions, market trading volume has continued to decline, and the total inventory of 304L stainless steel seamless pipes in factories and society has increased, indicating a decline in demand. Due to declining gross profit margins and various other factors, steel mills have increased maintenance, and the output of 304L stainless steel seamless pipes has started to decline slightly compared to the previous week. It should be noted that the total output is basically maintained at the same level as last year, while the total inventory is lower than last year. The fundamental factors lack upward momentum, and the market still relies on macroeconomic expectations and capital to drive it.
From a macroeconomic perspective, the official target for GDP next year has not yet been determined. However, with a growth rate of 5%, it will most likely still rely on sectors such as consumption, infrastructure, and real estate; under the circumstances of global downturn and export (external demand) drag, manufacturing will also have little positive impact on the economy. If the demand for 304L stainless steel seamless pipes increases slightly, the main driving force will still be domestic, and stabilizing the economy requires further stabilization of real estate, continuous clearing of the epidemic, and a recovery in consumption. The overall economic situation in 2023 will most likely be better than in 2022, and the main tone of economic operation will likely be a gradual weak recovery, with real estate and consumption as important recovery points. Of course, from a policy perspective, proactive fiscal policy and loose monetary policy will continue, and they can effectively control inflationary pressure, leaving more room for policy maneuvering. Currently, the market for 304L stainless steel seamless pipes generally has a positive outlook for next year; if expectations are positive and optimistic, the Price of 304L stainless steel seamless pipes may still be activated to further increase the room for growth. However, there will not be many variables before the holiday, and after the holiday, facing a time window of mismatched demand and expectations, there is still a possibility of ups and downs in the rhythm.
In addition, the 304L stainless steel seamless pipe market is paying close attention to the impact of the Cancelation of coal import tariffs. Overall, the impact is minimal. Whether the import tariff is 3% or 5%, lowering the tariff can reduce costs to some extent, but it cannot solve the problem of import volume.
Currently, a small number of 304L stainless steel seamless pipe markets have shown improved transactions, but overall, the weak transaction status has not changed. End-user stocking enthusiasm is not high, the number of traders and construction sites on holiday is increasing, and steel mills and large traders are actively maintaining prices. Due to the gradual cooling down of the spot market fundamentals, the 304L stainless steel seamless pipe market is increasingly dominated by market funds and sentiment. The closer it gets to the Spring Festival, the more obvious the situation of "price without market" becomes. In the short term, the spot market for 304L stainless steel seamless pipes will continue to fluctuate slightly.
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