Conflict between Russia and Ukraine: After the escalation of the conflict between Russia and Ukraine and the further sanctions imposed on Russia by Europe and the United States, the export of steel billets and finished steel products from Russia and Ukraine continued to be hindered, and the EU steel supply was most affected by it. After the escalation of the conflict, the export quotations of steel and steel billets from Turkey and India rose rapidly, and other countries followed suit. It is not ruled out that Southeast Asian steel billets and finished steel products will be exported to Europe, thereby driving up Chinese steel prices and pushing up the price of steel pipe raw materials.
Influence of futures: China has implemented stimulus measures for real estate in some regions, which has given a shot in the arm to stabilize or boost economic growth. The futures disk is also supported by raw material coke and iron ore and thus strengthened, which has played a certain stability and support for the spot market effect.
Impact of the epidemic: In March, there was an epidemic in the whole country, and there were some outbreaks. Due to the influence of the Chinese government, a total closed management measure will be implemented for some outbreak areas, resulting in the obstruction of logistics, the inability of raw materials, and the inability of products to be exported. The overall industrial chain is basically stagnant Due to the current situation, the steel mills cannot digest the orders in hand, and new orders can only increase the sales price. At the same time, the steel pipe enterprises are blocked by the supply of raw materials and the problem of price increases, and the order delivery will be delayed to a certain extent.
Comprehensive analysis: Due to the multilateral influence of various uncontrollable policies, it is necessary to maintain stability, but the actual supply and demand are both weak. In the short term, although the demand has not been released or driven, other policies are all supportive parts, so it is expected that there may still be an upward trend in April. In the process, the adjustment of policies and fundamentals must be monitored. If this support factor is broken, there will be a possibility of aggravation and decline.
