Looking ahead to the second quarter and the second half of the year, China will accelerate the issuance and use of special treasury bonds and special bonds, and take multiple measures to maintain a reasonable degree of expansion. Among them, ultra-long-term special treasury bonds will start issuing at the end of the second quarter at the earliest.
Positive fiscal policy continues to lean forward, the recent stainless steel pipe market interest rate cuts and quota reduction news began to ferment, the domestic economic liquidity pressure to play a certain role in alleviating, pay attention to the effect of the funds to the end of the project conduction situation.
Stainless steel exports fell in April, but still at a high level, and January-April stainless steel exports grew nearly 30%, the probability of this year's export results will not be poor. China Steel Association called on the industry to reduce production to achieve difficult, to iron ore prices to bring obvious support, stainless steel plant profits under pressure. May blast furnace production resumed, the supply and demand difference narrowed, stainless steel pipe price upward drive marginal weakening. Affected by the weakening of the de-stocking, stainless steel pipe prices retracement, but May steel prices as a whole to maintain the oscillation upward, pay attention to the late stainless steel pipe demand increase and inventory de-stocking data.
May real estate is difficult to say optimistic, manufacturing consumption seasonal high point has passed. This week's total steel production rose to 8,857,900 tonnes, refreshing the highest level of the year. Terminal table demand is weaker than the ring, foreshadowing the short-term demand stage high has passed, the market is in urgent need of new growth points to drive stainless steel pipe prices upward. Stainless steel pipe prices are expected to be stable today.
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