Review of HP265 gas vessel steel price trend

This week (1.11-1.15), affected by the continuous decline of steel futures and shrinking demand, domestic HP265 gas vessel steel prices fell sharply. At the beginning of the week, the price of steel futures fell sharply, downstream users purchased on demand, the transaction was low, and the price of HP265 gas vessel steel fell; in the middle of the week, affected by the epidemic situation in the north, the demand of construction sites was limited, and some steel mills passively followed, and the price trend of HP265 gas vessel steel was low; at the end of the week, the price of steel futures rebounded, and the market price of HP265 gas vessel steel stopped falling.

Affected by the epidemic, most of the downstream construction sites have been shut down, the demand for steel has dropped sharply, and the steel traders focus on the sales volume. Some steel mills have continuously lowered the ex factory price, and the steel inventory has continued to rise recently, which has brought impact on the winter storage market. At present, the price of HP265 gas vessel steel is still on the high side, and downstream steel users give up active purchase. After a continuous decline, the current steel factory profits fell to the cost line.

As the Spring Festival approaches, some construction sites and factories have holidays ahead of time, so it is difficult to increase the downstream steel demand. Most steel traders have not yet take the initiative to prepare goods. It is expected that the price of HP265 gas vessel steel will fall in a narrow range next week.