Some ductile iron manhole covers manufacturers' inventory rose this week
In terms of market, in the recent period, spiral and steel billets have risen in phase. Most of the market prices of welded and plated pipes have been firm. Due to the small fluctuations in the prices of pipe mills, the pipe market in Shanghai has been operating steadily this week. In terms of the week, the fundamentals did not fluctuate significantly. Traders were confused about the market. The actual transaction prices were followed carefully. The upside down digestion level was still affordable. From the perspective of the overall transaction situation, it was slightly better than last week.
However, the short-term demand elasticity in Shanghai is relatively small. During the week, the demand was not active due to the influence of many factors such as environmental protection, high temperature, and college entrance examination. The actual progress of the project slowed slightly in the high temperature and rainy environment during the rainy season. In terms of inventory, according to incomplete statistics this morning, some spheroidal graphite cast iron manhole cover manufacturers have increased their stocks this week, and the overall decline in pipe resources in Shanghai has maintained at about 1.37%, which is slightly faster than last week.
In addition, on the 7th, the Tangshan Ruifeng Iron and Steel Agreement customer's guideline price was increased by 100 or 495 on the first or second line to implement 4250; Hebei Jinxi Strip Steel's broadband guideline price was increased by 100 to implement 4,250 tax-included delivery. Overall, this week's high raw material costs and environmental stimulus in Hebei are the main factors. However, while supporting the prices of welded and plated pipe manufacturers, traders' profit margins have been shrinking, and frequent adjustments have shown a slight fatigue. It is expected that the price of welded pipes in Shanghai will turn sideways next week.