Rise, galvanized steel pipe still have room to adjust the price

Today's steel market overall small rise mainly, rising market more than a day. From the variety, it is still Galvanized Steel Pipe slightly stronger than hot coil, hot galvanized steel pipe more than 10-20 yuan, a few markets up to 30 yuan. Although the range is not large, but the market atmosphere is better, the price increase is universal, although the Welded Steel Pipe market increased less, but some markets also have 10-20 yuan. Stainless Steel Tube, cold rolled plate, Galvanized Coil is relatively lagging, mainly stable, is expected to have a small increase tomorrow and the day after tomorrow. In addition, Shandong billet spot price rose 50 yuan, with the plate change faster. On the whole, the steel market transaction has improved to a certain extent, whether it is intermediate trading or terminal to take goods, there is a certain increment, some large households with relatively large inventory, still mainly to ship.

Spot market shows a few gradually good factors, on the one hand, Shandong and other steel inventory resources, after a lot of early selling has fallen a lot; On the other hand, the purchasing demand for building materials in East China has improved, which has obviously improved since the middle of May. It is still necessary to further observe the subsequent transaction status. In addition, has been bearish cost downward pessimistic expectations, also have a certain improvement

Steel mills are also actively raising prices these two days. Today, some steel mills actively raise prices, and even continue to raise 10-20 yuan in the second price adjustment, and some steel mills receive very good orders. But with the rapid rise of raw materials, steel mills fill the raw material action has also accelerated, which also strengthened the short-term raw material decline resistance. Iron ore gains in recent days, may further suppress steel mills profit return. It should be noted that the current market rebound upward repair, and macro and fundamental relationship is not big, funds and sentiment to promote futures to drive spot components. Need to continue to pay attention to the rebound after the change of bearish factors.