The maximum pressure on the market during the year comes from the release of the supply side of the stainless steel pipe

In the first quarter of this year, the domestic stainless steel pipe market showed three major characteristics: mainly because the total demand demand continued to grow, but the decline in real estate investment dragging down the overall steel demand was insufficient. Although the production of stainless steel pipes in China decreased more The staged supply and demand did not match, causing the price of stainless steel pipes to fluctuate downward. It is expected that the macro -portfolio policy of the decision -making department will be released during the year of the year. The total demand for the total stainless steel pipes is expected to further improve, and the market trend will bottom out.

 

 

     1. The demand for stainless steel pipes is associated with "three driving carriages" to continue to grow

 

 

     Statistics related to the stainless steel pipe market show that in the first quarter of this year, the "carriage" of the total steel demand for steel continued to grow.

 

 

     One is the powerful industrial production. In the first quarter of this year, the growth rate of industrial added value above designated size continued to grow.

 

 

     The second is that fixed asset investment recovers. According to statistics, the national fixed asset investment (excluding farmers) in the first quarter increased by 4.5%year -on -year, an acceleration of 1.5 percentage points from the previous year; deducting real estate development investment, national fixed asset investment increased by 9.3%. Among them, infrastructure investment increased by 6.5%, manufacturing investment increased by 9.9%, and real estate development investment decreased by 9.5%. In March, fixed asset investment (excluding farmers) increased by 0.14%month -on -month. Show signs of raising.

 

 

     The third is that the export growth momentum is strong. In the first quarter of this year, the national steel export volume (including indirect exports) had accounted for more than 30 % of its total steel demand. It is expected that the direct export volume of the crude steel (converted from steel, the export of billets and coarse forged) will continue to continue a large amount, which is likely to exceed the 100 million tons of integers. The export volume of mechanical and electrical products throughout the year will also increase at a high level, and it will continue to become the export of Chinese goods.

 

 

     It can be seen that in the first quarter of this year, my country's economy remained continued to recover and achieved a good start. In the associated indicators of the total demand of the stainless steel pipe market, whether it is a pioneering indicator represented by the purchasing manager index (PMI) or the growth indicator represented by the "three driving carriages", it has shown an expansion or continued growth trend. However, due to the decline of real estate investment, the overall demand for steel recovery was insufficient.

 

 

     Looking forward to the trend of the total number of stainless steel pipes in the country during the year. Due to the appearance of counter -cycles and cross -cycle regulation, fiscal policy is more active, and monetary policy tends to be loose. At the same time Essence

 

 

     Second, the output of steel and finished materials rises and survive

 

 

     According to data from the National Bureau of Statistics, in the first quarter of 2024, the national crude steel output was 256.55 million tons, a year -on -year decrease of 1.9%. Among them, the output of crude steel in March was 88.27 million tons, a year -on -year decrease of 7.8%. 2.9%, of which the output of iron in March was 72.66 million tons, a decrease of 6.9%year -on -year; the national steel output in the first quarter was 33.03 million tons, an increase of 4.4%year -on -year. In March, the steel output was 123.37 million tons, a year -on -year increase of 0.1%.

 

 

     3. The market price of stainless steel pipes in China fluctuates downward downward

 

 

     Due to the inadequate supply and demand in the stainless steel pipe market in the first quarter, the price of domestic stainless steel pipes was downward. After entering the second quarter, the price of stainless steel pipes showed signs of lift. It is expected that the price of stainless steel pipes will last for a period of time. Looking forward to the trend of stainless steel pipes during the year, the maximum pressure is the release of the supply side of the stainless steel pipe.

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