News summary

Xi'an pipe prices fell slightly, welded pipe prices were stable, and galvanized pipe prices fell by 20-30 yuan compared with the previous trading dayasiangameschess; Shaanxi Management Factory is willing to increase considering cost pressure. Market transactions are average, and prices are expected to remain stable next trading day.

Newsletter text

Xi'an pipe market slightly lowered the expected increase in welded pipe prices. As cost pressure continues to rise, Xi'an pipe market slightly lowered today, with fewer transactions. Despite this, management plants in Shaanxi are considering price adjustments due to high costs. According to monitoring data from the Lange Steel Cloud Commercial Platform, as of May 15, 2024, the price of welded pipes remained stable, while the price of galvanized pipes fell by 20-30 yuan compared with the previous trading day. In terms of cost, the ex-factory price of Qian 'an billet, including tax, was lowered by 20 yuan from the previous trading day to 3430 yuan; the ex-factory price of Tangshan strip steel was also lowered, with Pu Carbon 145-258 series reported 3670 yuan, compared with the previous trading day. It dropped by 10 yuan. At the same time, the ex-factory price of Tangshan Ruifeng rolled tape also dropped by 10 yuan. Although the pipe factory intends to increase the price of welded pipes, the traders do not have strong confidence in the market, and their quotations have not been adjusted according to the pipe factory's wishes. In terms of market, the price of galvanized pipes in Xi'an market fell by 20-30 yuan today, while the price of welded pipes remained stable. Traders are more pessimistic about the current market, believing that costs have increased without increasing terminal demand. Although the general environment shows a trend of price cuts, the management factory deliberately raises prices, which has caused cost pressure on traders. Taking into account factors such as cost, market and black futures trends, it is expected that prices in the Xi'an pipe market will remain stable in the next trading day. At the same time, traders and market participants will pay close attention to the price adjustment trend of the factory to cope with possible price fluctuations.