Analysis of stainless steel raw material market by stainless steel welded pipe manufacturers: the market is fluctuating repeatedly, and the direction of the future market is uncertain

Metal News: This month, nickel in the LME field showed a wave-like shock, and the inventory continued to show a sharp increase. At the beginning of the month, boosted by the weakening of the US dollar, the threat of a copper strike in Chile, and favorable US manufacturing data, nickel volatility rose on the floor, while inventories rose moderately; subsequently, under the pressure of the rising US dollar, the stock market, and macroeconomic adjustments, etc. , Nickel in the market continued to fall; transferred into the middle of the month, boosted by the fall of the US dollar index and the rise of the stock market, nickel in the market was raised again; in the second half of the year, the macroeconomic dissonance suppressed the good trend of the metal market, and the nickel began Continued declines, while inventory levels continue to rise.

As of now (June 12), the LME nickel price closed at 17,550 US dollars / ton, and the inventory reached 263,520 tons. The technical indicators show that the recent nickel market is in the up and down adjustment stage, the direction is not clear, and the short-term support level is seen at the line of 16,500 US dollars. (For details, please refer to the non-ferrous metal mesh nickel channel)

Stainless steel tube billet trend: lack of positive stimulus, stable market

This month, although the trend of London Nickel has been volatile, the overall market for stainless steel billets is relatively stable. The reasons are as follows: First, the mentality of large steel mills such as Qingshan is relatively stable, which has led to the stability of the entire market; secondly, due to the approaching mid-year, merchants are too busy at the end of the year to clear the price and have no intention to adjust prices; If it is not effectively aroused, even if the merchant actively adjusts the price, it will have little effect.

Up to now, the major stainless steel billet manufacturers have basically stopped refining, and their downstream pipe manufacturers have completed the bulk purchase of billets. According to the author's investigation, most downstream companies were cautious about the later market, so there was not a lot of hoarding in stock.

Stainless steel seamless steel tube trend

With the upstream raw material market basically stable, the stainless steel seamless steel tube market has remained basically stable, while the demand has remained at the lower middle level, especially near the end of the month. Deserted. At present, some relatively light-hearted manufacturers have stopped production and are preparing for vacations in advance; some manufacturers are still busy with early orders due to the good order status at the end of the month.