Seamless Pipes
This week, the prices of stainless steel seamless pipes in the Wuxi market remained stable. At the beginning of the week, shipments were mainly focused on the 300 series, with manufacturers facing significant sales pressure and primarily offering discounts. However, the atmosphere of caution among traders and downstream customers grew stronger, compounded by declines in related products. Without strong substantive bullish support, manufacturers struggled to cope with the weak market. By mid-week, prices began to rise, driven mainly by just-in-time demand.
Welded Pipes
During the week, the inquiry atmosphere improved, with some downstream buyers making purchases, leading to an increase in order volume, although spot circulation remained poor. Manufacturers operated with low inventories, slowing production rhythms and focusing on completing previous and newly received orders. Looking ahead, market transaction sentiment is low, with sluggish sales and average transactions, resulting in a lack of confidence in the future market among manufacturers. However, with reduced demand and a phase of competition among merchants, stable prices are more beneficial for market confidence. Welded pipe prices are expected to remain stable next week.
Round Steel
This week, the prices of raw materials related to stainless steel fluctuated. The market sentiment for the short term is predominantly stable, with a few expecting a decline. The overall market view is influenced by raw materials and futures. Stainless round steel prices are expected to fluctuate next week.
Wire Rod
In the Dainan market, most merchants did not follow the price adjustments of mainstream manufacturers, maintaining stable prices and adopting a wait-and-see approach. Shipments were relatively stable, with high-risk aversion sentiment among merchants. Inquiries mostly involved negotiations for lower prices, with transactions predominantly in the form of small futures orders from old customers, and few new orders received. In the Wenzhou market, after price adjustments by mainstream steel mills, traders were not optimistic about the future market, with low willingness to stockpile and continued poor spot circulation. Transactions were mainly small futures orders, with large traders still in a wait-and-see state. With fluctuating raw material prices and poor transaction feedback, stainless steel wire rod prices are expected to run weakly stable next week.