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Hot dip galvanized welded steel pipe rework ratio is low, pressed steel price rebound

February 06, 2023
Hot dip galvanized welded steel pipe rework ratio is low, pressed steel price rebound

Welded pipe
Price: According to the data: as of February 3rd, the average price of 4 inch *3.75mm welded pipe in 28 major cities is 4593 yuan/ton, 92 yuan/ton higher than last Saturday; The average price of 4 inch *3.75mm galvanized pipe is 5316 yuan/ton, up 76 yuan/ton week on week. This week, the overall market price of welded pipe is stronger, the main cities in the country, galvanized pipe prices have increased in different ranges, most cities increased by more than 100 yuan/ton.

In terms of profit: taking Shandong as an example, the profit margin of welded pipe this week is 210 yuan/ton, with a week-on-week increase of 116 yuan/ton, a month-on-month increase of 122 yuan/ton, and a year-on-year decrease of 20 yuan/ton; Galvanized pipe profit of 331 yuan/ton, week on month increased 141 yuan/ton, month on month increased 135 yuan/ton, year on year increased 38 yuan/ton.

Supply side: This week the pipe factory has resumed production, the operating rate of the pipe factory is 35%, and the overall output has picked up significantly. The output of welded pipe this week was 131,300 tons, an increase of 131,300 tons on a week-on-week basis, and the capacity utilization rate was 24.23%, an increase of 24.23% on a week-on-week basis. After the holiday, the market has replenishment, the social inventory has picked up slightly, and the inventory of the pipe factory has increased significantly. However, the current production pace of the pipe factory is not fast, and the overall supply level is under little short-term pressure. This week's in-plant inventory is 883,600 tons, an increase of 18,600 tons from last week.

Next week's forecast:

At present, the market price is driven by the mood, the market transaction situation is not ideal, the price is in the infinite stage of the empty rise. With the market price gradually returning to the rational, the downstream demand slightly higher, traders wait-and-see mood may be alleviated, but this year's Spring Festival is early, most of the downstream construction conditions in the north have not improved, the specific actual demand on the volume time or to move backward, local real estate supporting policies landed, the actual demand on the volume situation will be in mid-late March or April. From the author's point of view, the value attribute of the overall steel commodity is overvalued at present. With the regulation of the national policy, its price will be maintained in a reasonable range, and the market supply-demand relationship will be further repaired. Through the situation of raw steel strip, today's market Q355 series strip price return to the festival after the opening of 4050 yuan/ton, in the short term, in the downstream demand has not been substantially on the case, the price of welded pipe still has room to fall. To sum up, domestic welded pipe prices are expected to weaken next week.
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Author:

Ms. Layd Rong

Электронная почта:

xinsuju@cngisteel.com

Phone/WhatsApp:

+8613920018539

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