Price Of Stainless Steel Pipe & Fittings Increased Much Recently (Source: KCM Special Steel)

Affected by macro news, futures fluctuated and the market atmosphere of 304 / 304L stainless steel pipe, 316 / 316L stainless steel pipe, duplex 2205 stainless steel pipe and super duplex 2507 pipe was general, and merchants tended to wait and see. The low-priced resources of 304 stainless steel seamless pipes in the spot market mainly circulated. The settlement is approaching the end of the month. Downstream users’ enthusiasm for obtaining goods has weakened, the overall transaction situation is not optimistic, and the enthusiasm of merchants for operation is not high. It is expected that the price of stainless steel pipes & fittings may run steadily and weakly in the next few days.

1. Spot market  duplex 2205 stainless steel pipe

Construction Steel: Stable and Downward

Futures opened low and went high. The spot market for 304 / 304L stainless steel pipe, 316 / 316L stainless steel pipe, duplex 2205 stainless steel pipe and super duplex 2507 pipe was affected by continuous rainfall. The downstream purchases were not enthusiasm. Demand continued to be sluggish. Merchants wanted to cut prices to stimulate shipments. In addition, land mortgage interest rates increased intensively in recent months. Weak adjustment of shocks.

316L Stainless Steel Pipe & fittings material: steady rise

The futures fell and adjusted, and merchants followed the adjustments, but the shipments were small, and the policy restricted production. The downstream end customers were not actively purchasing. The overall transaction was generally weak. The pressure on the manufacturer’s inventory increased. The pipe and fittings market may be stabilized and adjusted.

Second, the raw material market

Iron ore: the main steady decline

super duplex 2507 pipe The general index is adjusted, environmental protection restrictions in various regions are tightened, and some qualified mines may be expected to resume production in August during the audit work of mines. The market for stainless steel pipes & fittings is large in resources, and steel companies are affected by production restrictions and poor purchasing enthusiasm. It is expected Tomorrow’s iron ore price may stabilize and adjust.

There are many reasons for the recent increase in stainless steel pipe & fittings prices this year.

First, demand has gradually recovered after the epidemic, and small and medium-sized traders did not stock up during the Spring Festival, which led to a concentrated release of demand in the short term and centralized procurement to push prices higher;

The second is the environmental protection policy, and stricter environmental inspections have caused some steel companies to restrict or even suspend production;

Third, international trade imports affect supply. In addition, there are invisible factors such as the impact of “expected prices”-expected price rebounds, expected price interventions are blocked, and the final demand has not been released. Under the psychological effect of buyers, an atmosphere of rush for goods was formed after the price showed signs of increase, which also made the price increase gradually accelerated.

About KCM Special Steel Co.,Ltd

Kcm Special Steel Co., Ltd we are Manufacturer of Stainless Steel Pipe and Tube and Fittings ( elbow, tee, Reducer, Cap, Cross, Flange ) in China wenzhou city
1. Material: 201, 202, 301, 304, 304L, 310S, 316, 316L, 316Ti, 317, 317L, 321, 347,904L Duplex SS, S31803 / 2205, S32750 / 2507 , S32760 Monel400 Inconel600 Incoloy800 Alloy20 Alloy28 Nickel Alloy. Welded Seamless Pipe Supplier Manufacturer
2. Product specification: OD 2 – 1600mm x WT0.8 – 60 mm Square & rectangular.
3. Executive standard: Astm A312m, Astm A269, Astm A213, Astm A790, Astm A789, Astm A815, ANsi B16.9, Ansi B16.28, ANSI B16.11, Jis B2311, Jis B2312, Jis B2313, Din2605, Din 2606, Din 2615, Astm A511, Astm A554, Jis G3463, Jis3446, Jis3448, Jis3459, Din17456, Din17458, Din2462, GB14975, Gb14976, Gb13296

We also have large qty of ready stock, it can support ur urgent project.
Contact : Mr. Bob Lee
mob & whatsapp : + 86 – 13758498349
https://www.duplexstainlesssteelpipes.com