As the weather is expected to be hot and bitter, the downstream demand for honing pipe pickling and passivation is not active, and resources will further slow down the rate of digestion. Raw materials are in a weak position and it is difficult to boost, as well as downstream demand, the amount of honing pipe pickling and passivation of resources in the market is reduced, and resources are slowly digested in the situation. In June, the market does not have the conditions for bottoming out. The vulnerable groups with prices from some manufacturers are temporarily stable.
At present, there are few new replenishments, and the merchants are keeping their existing inventory, but they are not in a hurry, but they need to sell them quickly. The worry for merchants is still the price of raw materials. The current weak steel prices may drag down.
However, in the general trend, mainstream prices are only weakly volatile. Most traders in the stock market in July were cautious, thinking that the market as a whole would remain stable in the later period. At present, traders generally have insufficient cash resources, honing tubes with less market resources, small pickling and passivation volume, and normal cash resources at a lower level. Sales pressure has eased, so they are not in a hurry to ship and are unwilling to sell cheaply.