What factors affect price rise of 12Cr1MoV seamless steel pipe in 2018

The 12Cr1MoV seamless steel pipe market in 2018 did not continue last year's steel market. The recent 12Cr1MoV seamless steel pipe market trend is rare soaring, which is rare in nearly five years. The continuous strong rise to stop 12Cr1MoV seamless steel pipe spot market will be in the overall mood to crazy. The main factor affecting the 12Cr1MoV seamless steel pipe price is supply and demand. The rebound in 12Cr1MoV seamless steel pipe price in the second half of last week was mainly due to environmental restrictions and strong spot prices.

Rising real estate data and rising infrastructure underpinning are important factors affecting the long-term demand for 12Cr1MoV seamless steel pipes. The increase in 12Cr1MoV seamless steel pipe inventory also confirms the fact that demand is weak at present. Environmental factors are also gradually appearing to restrain demand, many places issued air pollution crackdown measures and require site shutdown.

In addition to the above multiple reasons, the upstream raw material iron ore and coke prices continued to rise, exacerbated the bearish 12Cr1MoV seamless steel pipe price expectations. However, supply contraction expectations brought by environmental restrictions triggered a rebound in the price of 12Cr1MoV seamless steel pipes. Futures reporter said that environmental pressure on the 12Cr1MoV seamless steel pipe demand side has a certain impact, but the impact on the supply side is greater.

It should be noted that the current 12Cr1MoV seamless steel pipe market inventory is still relatively low. Prior to the opening of the market boom, the circulation of leading products has shown a more obvious situation of resource tension. It is understood that the 12Cr1MoV seamless steel pipe resources in the hands of major regional households are still relatively tense, although the market quickly spit back, but mostly within the business expectations, the steel plant update resources time is uncertain. After the sharp fall in 12Cr1MoV seamless steel pipe prices, there is still support underneath.