Ductile iron pipe price is weakness of the main shock run to rally


Domestic ductile iron pipe fittings facing some difficulties still exist, such as ductile iron pipe inventory backlog, spot prices remain weak. However, in the many negative factors, major traders back to the mentality of funds is more urgent, combined with the cost support has been declining, making di pipe production process after price rises are still facing great resistance.
And the call now ductile iron pipes above the development situation of oversupply in the market have not changed, costs supporting raw materials prices continue to remain weak, steel prices down, low probability of weak shock is large.
At present despite signs of rising steel prices, but by serious supply and demand imbalance, surface tension, the inclement weather causes demand release of funds delayed, inadequate cost support bad check, resulting in steel price weakness of the main shock run at the beginning was difficult to rally. Also effect production cuts at mills in the upper reaches, overall, plate type of inventory change is significantly stronger than long material.