News information

This week, the prices of welded and galvanized pipes in Tianjin have rapidly declined, with a range of 80-100 yuan. According to monitoring data from Lange Steel's cloud commerce platform, the mainstream prices for 4-inch * 3.75mm welded pipes in the Tianjin market are 3900-3950 yuan, while the mainstream prices for 4-inch * 3.75mm galvanized pipes are 4550-4800 yuan. The price difference between the north and south of some galvanized pipe resources is maintained at around 150 yuan, which is relatively narrow.
On the pipe factory side, Tianjin Youfa's factory listed price for 4-inch 3.75mm welded pipes is 4150 yuan. In the new settlement cycle, the average price of welded pipes has decreased by 32 yuan compared to late February, and the average price of strip steel has decreased by 64 yuan. It is estimated that the production profit of welded pipes by the pipe factory will continue to improve. However, the market is weak, and the shipment situation of the pipe factory in March is worse than last year. The pace of production capacity continues to improve and slows down. Currently, the inventory of Tianjin sample welded and plated pipe factories is 237000 tons, a decrease of 36000 tons compared to late February. Among them, the inventory of raw material strip steel is 104000 tons, a decrease of 12000 tons.
In early March, an important meeting was held, and macroeconomic policies followed the approach of "deficit+special bonds". Futures interpreted this news as a disappointment beyond expectations, with support levels breaking twice. Currently, it has fallen beyond the October level of last year, testing 3500 points; However, spot goods have not yet reached the stage of continuous inventory reduction, and the fundamentals are difficult to find support. The factory price of raw material billets has been reduced by a total of 180 yuan to 3340 yuan, approaching a low point of 40 yuan in 2023. In a weak market, the management factory mainly receives contracted raw materials and consumes pre inventory; The pace of delivery in the trading agreement is relatively slow, with a small amount of lock up during the stabilization stage after the decline, and the operation is still more out and less in. According to statistics, the inventory of major traders of welded and plated pipes in Tianjin is about 15000 tons, while the inventory of medium-sized traders is about 5000 tons. The procurement of secondary end traders relies on rigid demand, and the overall inventory has not changed much compared to late February. In terms of engineering, one month after the Spring Festival, it is understood that the proportion of downstream enterprises in northern regions, including Shandong, resuming production and work is lower than the same period last year in the lunar calendar. At the same time, due to important meetings, there were construction site shutdowns in early March; The newly started projects announced in the first quarter are still some time away from official supply, and the overall demand recovery is slow.
After the Two Sessions, Tianjin and Tangshan have launched Level 2 emergency response for heavy pollution weather for two consecutive weeks. Some scaffolding pipe factories, galvanized pipe factories, and galvanized processing factories have stopped and limited production, and the supply and demand of welded galvanized pipes are weak in some areas of the basic surface. Whether the unexpired screw 05 contract can stand firm at 3500 points needs to be verified; Considering the cost of holding positions, the entry of light positions in spot goods also requires some downward space. However, currently spot prices are not far from the 23 year low point, and it is expected that the decline in the price of welded and plated pipes in Tianjin will converge in late March.
Source: Lange Steel Network