In may, the stainless steel prices bottomed out in the end of the month after the rebound, looking to the June stainless steel tube market, in the early period of a substantial decline, environmental protection and other policy event production output and the impact of capacity policy, the price of stainless steel pipe still has a further rebound space, high impulse will inevitably appear to fall back. 

The stainless steel tube market in the short term continued to fall sharply, and accumulated a certain rebound kinetic energy. Spot market has accumulated a certain rebound kinetic energy, as long as there is any good catalytic rebound will jump to, since the end of April, stainless steel tube began to rebound, from the current price level, it is expected to continue to release the momentum of the rebound in may. 

Demand is showing signs of improvement and is expected to sustain this good momentum in may. It is particularly noteworthy that the number of days of stainless steel pipe prices rose in April from April this year to the beginning of April this year, this year fell to the beginning of April, the decline was short, behind the trading logic of maizhang, it shows that the transaction in April is almost rigid demand, combined with the obvious decline in the stainless steel pipe inventory, the actual demand has a certain rebound from a year ago. 

According to the data released by the national bureau of statistics, the capital investment in the first quarter reached 23.5 %, which is conducive to the improvement of stainless steel pipe demand. However, the output of finished products in the industrial enterprises above the scale is 8.2 %, if the price factor is deducted, the inventory pressure of q345b seamless pipe is almost no, supporting the future demand for stainless steel tube and even growth. The north will also be fully operational in may.

Supply is expected to peak in may. The continuous decline of the previous price led to the loss of some enterprises, resulting in production reduction and maintenance, while the majority of the stainless steel pipe enterprises have a good profit and continued to exceed the load production, and the stainless steel pipe enterprises will be scheduled for maintenance in may. 

The policy of the disturbance will also affect the supply of stainless steel tube: first, because of the discovery of large area of Hebei and Tianjin, has caused great attention, and caused some enterprises to shut down. The second is the " the belt and road initiative" meeting held in Beijing from may 14 - 15, according to the Beijing - Tianjin - Hebei seamless pipe factory will implement a long-term production control measures. Third, from may 2 to 25, the capacity department contact will send nine working groups to the local " wire rod" to clean up the special inspector. In the future, the small number of enterprises that still secretly produce and replace the electric furnace with electric furnace will be affected and reduce supply. Therefore, the supply will appear on the top of the decline in may. 

Stainless steel tube inventory is expected to maintain a continuous decline, inventory pressure is not large. Although the increase was more obvious than the previous year, the social inventory and stainless steel factory inventory fell at the end of April, reaching the highest level in recent years. The future of the stainless steel tube inventory pressure is expected to be further reduced with the improvement of the supply and demand relationship. 

Once the market response to the policy too fast, excessive, the stainless steel tube supply and demand relationship improvement is not ideal, the market still has callback pressure. In a word, the stainless steel tube market in environmental protection and policy output limiting, the impact of capacity, it is expected to further release the rebound kinetic energy, but to be wary of falling back.