It is unlikely that the prices of ductile iron manhole covers will be significantly reduced in the short term.
Today, the domestic seamless tube market is weak and stable. According to the monitoring data of Lange Steel's cloud business platform, the average price of 108 * 4.5mm seamless pipes in key cities in China is 5,310 yuan (ton price, same below), which is flat compared to yesterday. The pipe billet prices in Shandong are temporarily stable, and now 20 # pipe billet Weigang Hot-rolled 4,280 yuan, continuous casting 4,100 yuan, Luli hot-rolled 4,180 yuan, Jiangxin hot-rolled 4,150 yuan, continuous casting 4,050 yuan, Sande hot-rolled 4,230 yuan.
The price of tube billets in Wuxi is stable. The market price of 20 # hot-rolled tube billets is 4380 yuan for Huaigang, 4310 yuan for Zhongtian and 4290 yuan for Longteng. Changqiang 4280 yuan, Dongfang 4260 yuan, Nangang 4270 yuan. As for the pipe factory, the base price of Linyi 108 * 4.5mm is Jin Zhengyang 4,850 yuan, Jinbaocheng, Meixin, Taizong, and Ruigang are 4,800 yuan. Today's quotation continues to be flat, and the shipment is average. The price of 20 # steel pipe for Juneng Special Steel is raised by 50 yuan.
Market demand has slowed, traders generally ship in general, and actual orders have decreased. Because there is not much optimism about the market outlook in May, the current spot inventory of all traders has been slightly reduced to a controllable range to avoid risks. As for the market price of seamless pipes, it is unlikely that the prices of ductile iron manhole covers will be significantly reduced in the short term. It is expected that the status quo will be maintained and the price will be adjusted in a narrow range.