AISI 1020 steel tube market price still has room to rise in August
Since July, AISI 1020 steel tube price has been running strongly. Under the optimistic expectation of downstream consumption after the plum rain season, AISI 1020 steel tube transaction fell down and began to rise again, and the speculative demand increased compared with the previous period. Some areas in the South begin to get rid of the plum rain, and there are signs of the start-up of the just need.
From the supply side, the possibility is small for AISI 1020 steel tube production to drop sharply at present, and the rise of AISI 1020 steel tube price has begun to stimulate the short process to resume production. With the gradual start of consumption in the peak season in August, the further expansion of price and profit will inevitably lead to the increase of AISI 1020 steel tube production.
From the demand side, AISI 1020 steel tube consumption has basically bottomed out, and the overall consumption resilience remains. The overall preference of real estate, infrastructure and manufacturing data in June is the same. At present, the plum rain season has gradually ended, the impact of high temperature weather is limited, and the spare power for rush work still exists, and the consumption peak season will start. On the premise of sufficient funds in the market in the third quarter, the consumption intensity is expected to be expected, and the demand for AISI 1020 steel tube is relatively optimistic.
August is the start-up period of the traditional AISI 1020 steel tube consumption season, combined with the loose liquidity and economic recovery demand of this year, it is expected that the supply and demand situation will gradually improve compared with the current situation, and the inventory will be gradually reduced, and AISI 1020 steel tube price still has room for upward trend.
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