Judging from the current performance of the pipe plant, the price of the spiral tube market has been pushed up, and the upward trend is still maintained. The capital market has reached a recent high in early July since it began to rise in early June, and then began to oscillate. However, from the current trend, there is no external news to break the current oscillating pattern. Therefore, for the spiral tube market , Will not continue to suppress the business mentality.

 

In the short term, the market may be in a stalemate consolidation phase. It is understood that the recent high market risk has intensified, coupled with the continued weakness of futures, the market's enthusiasm for taking goods has declined, and the wait-and-see mood has increased. Constrained by this, the spiral tube market has resistance. However, the willingness to tighten prices in the raw material market is still strong. It is understood that due to production cuts that continue on and off, coupled with favorable expectations for Jinjiu, manufacturers' tight supply and willingness to push prices have obvious support for the market, so prices are not easy to drop. Therefore, on the whole, the recent market may be in a stage of shock and stalemate.

 

Therefore, the main factor that dominates steel prices, cost, is still in a trend of further decline. Whether it is ore or steel futures, although speculators or looking for opportunities to bet on long positions, the time for strategic long positions has not yet arrived. We recommend referring to the strategy of short selling at the previous technical level. Although the hot-rolled coil has abnormal performance, its volume is relatively small. The basic logic is consistent with rebar, and the cost factor will first return its price to its original form. At present, the import price of iron ore has continued to decline for several months, and finally the ton price fell below US $ 100 last month, and it was once at a high of US $ 140 / ton at the end of last year. The sharp drop in ore prices is not only related to the rapid expansion of global mine production this year, but also to the narrowing of iron ore financing channels due to the recent bank verification of ore financing risks, which has accelerated Handan Q235B spiral steel pipe prices.

 

At present, it may be related to the country's policy of actively reducing production capacity in the second half of the year. Therefore, the Guyuan spiral tube market in the second half of the year will fluctuate in the news of continuous suspension of production. The local market only follows the mainstream market trend, and it is expected that short-term Guyuan spiral tube prices will continue to rise slightly.