Last week, AISI 1045 seamless pipe market was strong. In the first half of the week, disturbed by macro funds, the black futures market rose strongly, driving AISI 1045 seamless pipe market to follow up slightly. However, under the high temperature weather, the actual demand of downstream end users is weak. Last week, AISI 1045 seamless pipe inventory rose further on a month on month basis, and the supply and demand fundamentals were weak, which did not support the continuous rebound of AISI 1045 seamless pipe price, and AISI 1045 seamless pipe price returned to shock in the second half of the week.

The tense Sino US relations have disturbed the sentiment of the capital market, and the black futures have been affected and stabilized. As time goes into the summer solar term, rainy in the South and high temperature in the north, the short-term demand can not meet the expectations, the inventory continues to accumulate for 6 weeks, and the market price may face the risk of high callback, but the current cost side support is strong and dominated AISI 1045 seamless pipe mill's attitude of supporting the price is not reduced, and the merchants still have expectations for the future market. Meanwhile, considering the cost in the early stage, the willingness to reduce price is not strong, and the bottom support of market price is relatively strong. It is expected that AISI 1045 seamless pipe price will be adjusted weakly this week.