If you want to know more exciting content, come and pay attention to my steel review of the national welded pipe in February, the overall trend is first rising and then suppressing, the national welded pipe ** rose slightly in the week before the holiday, and reached the **high point before the holiday, but after the Spring Festival, the national welded pipe ** did not continue the momentum before the holiday, and the overall performance of the market was far lower than expected. With the quiet advent of the traditional consumption season of "Golden Three, Silver and Fourth", will demand gradually pick up nationwide? Will favorable policies be introduced gradually? Can the national welded pipe ** usher in a recovery? Next, the author will proceed from the following aspects**.
First, the welded pipe *** downward business mentality is more cautious and wait-and-see
According to MySteel data, the average price of welded pipes in China is 4 inches * 375mm as an example, on February 19, the average market transaction price was 4,350 yuan ton, compared with 17 yuan ton in early February, and 22 yuan ton month-on-month, reaching a peak. But from February 20th, the national welded pipe ** gradually lowered, to the end of February, the market transaction price of 4323 yuan ton, compared with the middle of February ***27 yuan ton, month-on-month **11 yuan ton, black system *** operation, spot affected by **, according to the market business feedback, the recent market demand is light, real estate and other projects due to rain and snow weather to start less projects, welded pipe use demand is limited.
Second, affected by the rain and snow weather and the lack of downstream start-up, the social inventory increased slightly
According to mysteel statistics, as of February 29, the social inventory of welded pipes was 9150,000 tons, an increase of 1 month-on-month58%, up 1. year-on-year03%。The total inventory of welded pipes in the country increased slightly, and the inventory reached a peak of 91 in the first quarter at the end of February50,000 tons. After the holiday, most of the pipe factories actively resumed work and began normal production, but the cold air hit again, and many snowfalls led to the obstruction of the downstream construction site. With the small size of the welded pipe, the wait-and-see sentiment in the market is relatively strong, and merchants are more on demand to replenish the warehouse and maintain a low inventory operation level.
Third, the volume of welded pipe turnover decreased The demand is far less than expected
In February, the average daily turnover of welded pipes in China showed a sharp decline. According to Mysteel statistics, as of February 29, the average monthly daily turnover of welded pipes in February was 19,278 tons, a year-on-year decrease of 8321%。At present, the operating rate of the lower reaches of the south is higher than that of the north, the demand has been released, and the transaction has increased. However, the northern region is mostly affected by low temperature weather for a long time, and the downstream has not fully resumed work, the downstream operating rate is low, the orders are few, and the market activity is low. In addition, this year's Chinese New Year is late, and the market has remained low throughout February, and the transaction is sluggish, which is basically in a state of exhaustion. If there is a macro favorable policy release and landing in the future, the market in March may be able to usher in a late "good start".
Fourth, although the raw material ** fell slightly, the demand in the traditional peak season will be released one after another
As of February 29, Tangshan 355 strip market was 3967 yuan ton, 66 yuan month-on-month, and 324 yuan year-on-year, and Tangshan 355 strip market was significantly lower than the same period last year. The bottom support of the raw material is weak, and the support capacity of the welded pipe is limited. At present, the billet mill has fully resumed production, and it has gradually recovered to the pre-holiday level, and the capacity utilization rate of strip steel has increased significantly. The whole process of steel mills due to the reduction of cost pressure, the loss has been repaired, but some steel mills have annual maintenance plans in early March, and the ** will be slightly reduced in the short term. In terms of profits, most of the pipe factories have been suspended for holidays in January, and the inventory of welded pipes and raw materials in the factory is mostly the best resources before the holiday, and the overall profit has a small loss. 
5. Summary
At present, most of the country's major production enterprises have resumed production, but the increase in domestic welded pipe production in February is not obvious. In March, the temperature warmed up, the construction site in the north gradually started, and the production and business activities of the market are expected to further improve in the case of the gradual recovery of the demand side. In addition, the convening of important meetings in March is conducive to boosting market confidence and promoting market vitality.
On the whole, with the quiet advent of the traditional peak season of the "Golden Three", the situation of supply and demand may be eased, and there is still hope for the recovery of domestic welded pipes in March. The market expects to have a happy and good attitude. The specific trend still needs to pay more attention to the state of global economic development and the introduction of domestic and foreign policies. At present, the profits of most steel mills are gradually recovering, and the temporary pressure on the inventory of pipe mills is not large, and it is expected that there will be room for welded pipes in the country in March.
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