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High-pressure alloy tube prices have not yet shown clear signs of pull-up in the short term
From the performance of the alloy tube market, the pattern of alloy tube oscillating upwards has gradually become clear, but the driving effect of the high-pressure alloy tube spot steel market will still be limited. After the stock market inventory of domestic high-pressure alloy tubes continued to rise after the Spring Festival, there has been a certain backlog, especially the high-pressure alloy tubes with faster inventory growth, coupled with the delay in the start-up of downstream projects, and the downstream construction machinery and other industries are also facing heavier "Destocking" task.
In the shorter period, even if the demand for low-pressure alloy tubes recovers slowly, the consumption of market resources will still be the main problem. In addition, the ex-factory price of steel mills will be lowered, and the support for market costs will be lower, which will reduce the market price rebound. However, the high output of high-pressure alloy tubes is also facing greater pressure on the overall pattern of the downstream steel market. Therefore, the price of high-pressure alloy tubes still has no clear signs of pull-up in the short term.