Ductile Iron Pipe Fittings Market Transaction Status

【Steel Strip】Tang narrow strip stable after weak trading, down 10 in mid-price; still no significant release after the drop, only a few can clear daily production. 285-355 series market spot price is 3630-3660 (mainstream 3640), Hongxing futures at 3595-3640. Today's rebar market is volatile and slightly up, spot prices rose 5-10 from this morning to stabilize, but due to poor demand, the market trading atmosphere remains light.

    **Profiles** - Tangtang's profile prices are stable with a slight downward adjustment of about 20, with 5#3870 at Corner Zheng Feng down by 20; 8-14#3880 at Shuairui Xing remains stable; 14#3830 at Gong Xiang Tai down by 20. There is no significant follow-up in demand release, cost support is weakening, and steel rolling mill inventories are low, with some resources in short supply. Traders are showing increased hesitation.

【Steel Pipes】Tangshan pipe material prices see a general decrease, welding pipes down by 10 to 4160, galvanized strip square pipes' naked price range at 3960-3980, down by 20, framework pipes' mainstream naked price range at 3700-3750, down by 10. Market operation sentiment is weak, with a focus on观望. Pipe factories are flexible with shipments, negotiating case by case.

As of now, Tangshan steel billets are stable at 3570 yuan/ton. The direct shipment performance of steel billets is weak, with warehouse现货 quoted at 3630 yuan/tax included. The billet prices remain high, and downstream buyers are showing a wait-and-see attitude. However, considering the afternoon rise in rebar prices, which eased market operation sentiment, there are also signs of improvement in trading of finished steel products. Moreover, with rolling steel mills resuming production on the 18th, the demand for steel billets is expected to increase, and it is predicted that steel billet prices will remain firm in the short term.