The current seamless steel pipe market is actually in a relatively embarrassing period. Looking forward, it is the traditional peak season of the "Golden Nine" steel market, but it is also at this important stage, affected by multiple negative factors, making it weak. The unbearable spot market is overwhelmed. In this regard, relevant analysts believe that the bad news has aggravated the weakening of market confidence, and the market should not be optimistic about the gold nine market.
Recently, the price of seamless steel pipes has been dropping continuously, and after breaking the 3000-point key position, it has successively hit new lows since its listing. Although it is said that the competition of steel pipes lies mainly in cost speculation, it is also guiding our expectations for the medium and long-term steel market. It has to be said that the recent breakthrough of seamless steel pipes and even new lows indicate that the cost market is also very optimistic about the future direction of the steel market.
No one knows where the bottom of the seamless steel pipe is now; the spot steel market has been weakened, and the bulk commodity market has not performed well. The organization's competition for long and short directions seems to be in a white-hot stage. The shortcomers entered the market early, which brought a bloody storm, and also caused the market to worry about the continued shortness. Fortunately, many parties have some support for the time being. The outcome depends on the face of the funds. The editor persuaded that let the bad air kill more for a while. Win or lose is not in a hurry, otherwise it can only be a bigger rain of blood ahead.
The continuous record lows in the seamless steel pipe market, coupled with relatively poor expectations, have severely dampened the confidence of the spot market, and the swing of steel prices has become weaker, as if the downside is temporarily recognized.