The market price of ERW Pipe will present a turbulent pattern

　The surge of snails resulted in a significant volume of spot ERW Pipe market transactions. The high settlement price of local steel mills and the price policy of not making up the difference showed a strong willingness to bid. Most other businesses had completed sales volume, so the price went up in an all-round way. At present, external favorable factors dominate, downstream demand release is limited, and the trading performance of ERW Pipe market is general. At the beginning of the month, the pressure of business resources slowed down, and the market of ASTM A178 Carbon Steel ERW Pipe willingness to buy goods at low prices weakened.The short-term trend of billet and snail is uncertain, which has great influence on market price. Considering the above, in the off-season, the market price is still lower, but in the short run, if the billet is boosted,ERW Pipe may still be higher.

　　IERW Pipe is anticipated that the main reason for the stable operation of the ERW Pipe market next week is that the market will enter the off-season and the demand is general. However, the trend of the steel billet snails can boost the mindset of the spot merchants. The market has a strong wait-and-see atmosphere and the quotation will follow the market. In addition, at the beginning of next week, the financial pressure of the ERW Pipe market will be slightly slower and the overall trend will remain stable.