Market transactions rebounded slightly, steel pipe prices in East China rose steadily

[Market hot spots]

1. Macro information

At 9:00 a.m. Eastern Time on April 16th (21:00 Beijing time on the 16th), the International Monetary Fund (IMF) released the latest World Economic Outlook Report. In the report, the IMF predicts global economic growth in 2024 of 3.2%, an increase of 0.1 percentage points from the forecast in January this year; the overall global inflation rate in 2024 is expected to drop from 6.8% in 2023 to 5.9%.

2. Market conditions

Today, Seamless Pipe prices across the country have basically remained stable, falling slightly from the previous trading day. In terms of raw materials, pipe billet prices in Shandong and Jiangsu remained stable. In terms of pipe factories, today's quotations from mainstream pipe factories are basically stable. In the market, black futures fluctuated, and steel prices fluctuated accordingly. Pipe factory inventories have declined recently, and downstream market demand has improved. With the active promotion of policies, industrial growth increased year-on-year in the first quarter of this year, and fundamentals have recovered.

3. High quality Steel Pipe

Recently, our factory has successfully produced the high-end pipeline steel pipe X60M. After inspection, the product quality fully meets customer needs. After processing, the products will be used in the construction of water conservancy projects in Dubai, United Arab Emirates. X60M line pipe has high tensile strength, high yield strength and excellent low-temperature toughness, corrosion resistance and welding performance. It can withstand large pressure and bending deformation and can be widely used in long-distance transportation pipelines, buildings, bridges and other fields.

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