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Oil pipe market is in a state of oversupply

2019-02-21 15:21:56   COMMENT:0 HITS:
  The oil pipe market continues to decline slightly, and the seasonal off-season leads to a significant increase in inventory; meanwhile, the rain and snow weather leads to transportation obstruction and construction site delays; the price of futures varieties generally falls high, which depresses the recent recovery of sentiment in the Large Diameter Lsaw Seamless Carbon Steel Oil Pipe market. The combination of these factors has led to a weak price movement, which is expected to maintain a slight downward trend tomorrow.

  The oil pipe market has experienced a sharp rise and fall, and now it has entered a shock. Because of the lack of sustained hype, it is expected that the price of oil pipe will maintain a shock trend as the market returns to rationality under the condition of a basically balanced supply-demand relationship.

  Oil pipe spot price weakened, steel mill quotation is also generally reduced. After the spot price of oil pipe rose sharply, steel mills also slowed down the rhythm of price increase and returned to the decline trend. Supply-demand relationship has become the main factor leading the trend of oil pipe market.

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