Analysis of the development trend of the steel pipe industry in the second half of this year from the three aspects of supply and demand, policy and mentality

Analysis of the development trend of the steel pipe industry in the second half of this year from the three aspects of supply and demand, policy and mentality


In the first half of 2014, the market price of steel pipes was mostly at a low level this year. The market price of steel pipes dropped significantly. The decline was divided into multiple stages. The downward trend was significant. Although there was a rebound trend, the space was narrow, the duration was short, and the intensity was weak. The main reasons include: the adjustment of national policies in the first half of the year, the large-scale policy has just been established; the slowdown of domestic economic growth, the economic concept of “stable growth” has invisibly suppressed the recovery of the market; the monetary relaxation is tentative, compared with the funds Last year, there was no relaxation at all; coupled with the sharp drop in raw materials such as iron ore, it made it difficult for the finished product to rebound. The restructuring of the steel pipe market was very slow. Although some small factories closed down, the big factory still maintained a high survival rate. The exchange of money has become the most common trick of the tube factory.



In the industry's forecast of the steel pipe market in the second half of the year, more than half of the manufacturers said that the steel pipe market is difficult to be optimistic. After all, the steel market has gone downhill again. This is an indisputable fact. In addition, some people in the industry think that they don't have to be too pessimistic. The market price will fall to a certain low point and there will naturally be a rebound. In particular, there are not many manufacturers that are currently in conflict with the sharp price cuts, and the psychological price of raw materials is also supported, which is enough to ensure that the market will not be in the second half of the year. There are too many fluctuations. Zhangzhou Lianyu Steel Pipe Co., Ltd. 152 3176 9003, sound tube manufacturer.



From the supply and demand side to analyze. 1. Supply: For the situation of sluggish demand in the first half of the year, the gap between supply and demand is indeed shown. However, considering the huge number of steel pipes and the difficulty of controlling many private pipe factories, it seems to be minimal. Moreover, nowadays, due to environmental protection problems, the general pipe factory has stopped production and has many overhauls. For example, the steel pipes such as galvanizing have greatly reduced the production volume by half compared with last year, resulting in very little room for the ex-factory price correction. For the second half of the year, the supply should not have a big way out. It is not ruled out that large-scale pipe factories will reduce productivity due to various problems such as funds; after all, it is a general trend to reorganize the factory and improve the product structure. 2. Demand, it is certain that the demand for steel pipes in the second half will not be less than that in the first half of the year.



From the policy side to analyze. First, the data from the second quarter show that the domestic economy is gradually picking up, and the economic growth rate of 7.5% should be no problem. Although the first half of the year is more powerful, it is reflected in the investment side. Other areas covered include traditional heavy industries such as steel, as well as real estate. At that time, for the second half of the year, the individual thought that the funds would be slightly relaxed; because the introduction of the targeted RRR cut in June actually gave the market currency a full-scale easing; plus the impact of bank loans on the real estate industry. In order to make it a "soft landing", the country will become more and more open to its funds. Second: the micro-stimulus measures that gradually increased in the first half of the year, in fact, have begun to show results, and the effect for the second half of the year should not be underestimated. In addition, driven by the international monetary easing policy, the state will increase investment in infrastructure construction in the second half of the year; and stimulate growth policies such as exports.



Analyze from the state of mind. Whether the operational capability will be enhanced, the main aspects involved include not only the level of funds, the market, but also the demand. It also needs to take into account spot inventory risks and resource liquidity. The funds, market, and demand have already been mentioned. The main points here are the inventory risk factor and the resource liquidity. In view of the current poor market conditions and the confusing environment in the steel market, large households will be consciously reducing inventory resources and stocking a small amount; as many as 500-1000 tons for large households and less than 100 tons for small households, the reduction of stocks will be The risk pressure steering tube factory, flexible price adjustment, accompanying the market; on the other hand, it can also directly manage the factory or the goods, which means that there are three business options, which greatly enhances the flexibility of the steel traders for the market. In this way, even if the price of the tube falls, the funds will not be lost too much. Of course, the reduction in inventory does not mean a reduction in the liquidity resistance; the key to liquidity lies in the downstream terminal engineering and trading atmosphere, as well as weather, traffic and other factors. For the second half of the year, the factors that show preference will only be in the “Golden September and Silver 10”. In other seasons, it is difficult to make new breakthroughs. This is a relatively restrained factor for the second half of the market.
Http://news.chinawj.com.cn Analysis of the development trend of the steel pipe industry in the second half of this year from the three aspects of supply and demand, policy and mentality Editor: (Hardware Business Network Information Center) http://news.chinawj.com.cn Analysis of the development trend of the steel pipe industry in the second half of this year from the three aspects of supply and demand, policy and mentality

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