The Price of Super Duplex 2507 Stainless Steel Pipe
With the rebound of the futures, the spot price of 2507 stainless steel pipe continued to rise, but as the daily session rose and fell, the spot market of 2507 stainless steel pipe finally stabilized the shipment, and the overall transaction was acceptable. According to market feedback, some 2507 stainless steel pipe markets have bottom-hunting situations, but judging from the performance of the afternoon disk, speculative demand may decrease.
Super Duplex 2507 Stainless Steel Seamless Pipes
Today’s period is resonating, and the price of 2507 stainless steel pipe remains within a narrow range. Judging from the trend of the intraday disk, although there has been some good news released recently, the disk just filled the gap and showed a downward trend again. The main reason is that the downstream demand is insufficient to release the power. Although the “loan suspension” of real estate has weakened, it has not been fundamentally solved, so the current 2507 stainless steel pipe terminal demand release is still weak.
Although there is continuous production reduction news from steel mills, some steel mills have released production reduction and production stoppage news in the past few days, judging from the current trading sentiment in the 2507 duplex stainless steel pipe market. Although there are intermittent bottom-hunting situations, the overall market inventory pressure is still limited, and the 2507 stainless steel pipe market is generally receptive to the news of production cuts by steel mills.
Super Duplex 2507 Stainless Steel Welded Tubes
There has been a lot of news about interest rate hikes from the outside world. This week, the European Central Bank is about to announce the first interest rate hike in 11 years (25 basis points), which will activate the mechanism to deal with financial fragmentation and support countries with economic difficulties. While downside risks to economic growth have increased, the ECB’s guidance of a possible 50bps rate hike in September may remain valid given inflation expectations revisions. Combined with the expected effect of the Fed raising interest rates next week, the overall economic atmosphere is pessimistic.
In the short term, the disk will maintain a volatile trend, and the bottom-hunting behavior of 2507 stainless steel pipes will be further reduced. Due to the current imbalance between supply and demand, raw material prices have fallen, and the overall momentum for maintaining stability is weak and will continue to maintain a volatile trend.