The price of 2507 stainless steel pipes continued its downward trend, but the decline narrowed significantly. This week, the futures market saw a sharp drop, influenced by the plunge in gold and silver prices, leading to consecutive days of declines in ferrous metal prices. Although there was a slight rebound mid-week, the upward momentum was clearly insufficient, and the downward trend continued. However, compared to other commodities, prices remained relatively stable, especially with the approaching Spring Festival holiday, most traders had little incentive to adjust prices. Regionally, participation in the northern market decreased significantly, resulting in a marked reduction in transaction volume. In contrast, pre-holiday restocking increased in Central and Southwest China this week. As 2507 stainless steel pipe prices stabilized, demand increased, leading to increased transaction volume. Some traders in East and South China continued to reduce inventory through price reductions. Nationwide, market performance varied. However, towards the end of the week, both buyers and sellers in the 2507 stainless steel pipe market gradually withdrew, resulting in a “statically stable” price in the absence of transactions. Stainless steel spot supermarkets anticipate the 2507 stainless steel pipe market entering a closed period, with prices remaining frozen and stable.
This week, prices for 2507 stainless steel pipes fell significantly under the dual pressure of declining futures prices and reduced pre-holiday trading volume. Although the cost price level shifted downwards noticeably, price adjustments had limited impact, with traders showing very little willingness to adjust prices, and most mainstream markets maintaining flat prices. Some traders with unresolved inventory or financial pressures were still conducting final inventory-clearing operations, lowering prices in line with the decline.
Regarding inventory: During the holiday, while 2507 stainless steel pipe mills adjusted production, it remained continuous. Downstream manufacturing companies generally closed for the holiday, resulting in near-zero end-user purchases, and resources only increased. Total 2507 stainless steel pipe inventory is expected to rapidly climb to a new high, exerting significant downward pressure on prices and becoming one of the core factors determining the post-holiday market trend.
This week, the 2507 stainless steel pipe market as a whole exhibited characteristics of “declining volume and gradual decline, with regional differentiation.” Although the futures market was affected by external factors, leading to a sharp decline, the impact on the 2507 stainless steel pipe spot market has significantly weakened. The price decline narrowed significantly, market liquidity rapidly decreased, and traders had extremely low willingness to adjust prices. Regional performance has become increasingly divergent, with the northern market nearly dormant and the central and southern markets making last-minute restocking attempts. Nationwide, however, both buyers and sellers are showing signs of gradually withdrawing from the market.
The current average price will serve as a reference point and benchmark for the 2507 stainless steel pipe market. With steel mill resources arriving at ports and being stored during the holiday period, resulting in zero inventory absorption, social inventory of 2507 stainless steel pipes will enter its fastest accumulation phase.