Recently, the market prices of welded pipe and galvanized pipe in mainstream cities in China have remained stable, and some cities have dropped by 30 yuan / ton. As of press release, the average price of 4-inch *3.75mm welded pipe in China has fallen by 12 yuan / ton compared with yesterday, and the average market price of 4-inch *3.75mm galvanized pipe in China has fallen by 22 yuan / ton compared with yesterday. The market transaction is average. In terms of price adjustment of pipe factories, the ex factory listing price of welded pipes in mainstream pipe factories was reduced by 30 yuan / ton compared with yesterday. At present, the demand in Shanghai has gradually recovered after the resumption of work. However, due to the heavy rainfall in June, the market demand in many places such as the two lakes is weakening, and the overall downstream demand is still low. Domestic welded pipe social inventory continued to accumulate this week, and traders’ shipments were poor. Today, the black series futures are weakening again, and the contradiction between the demand recovery expectation brought by the steady growth of the market and the insufficient actual steel pipe demand is still prominent. In terms of raw materials, the spot price of Tangshan 355 was reported at 4750 yuan / ton today, which was more stable than before. At present, Tangshan strip steel plant has resumed production, and the capacity utilization rate has increased. However, the actual demand is not good, which has gradually increased the pressure on Tangshan strip steel inventory. With the increase of supply, the demand is released slowly. The overall supply and demand mismatch of strip steel is sharp. It is difficult for the market price to have a large upward momentum, and the price may still fall. Therefore, it is expected that the market price of domestic welded pipe and galvanized pipe may rise next week under the constraints of poor demand for welded pipe and the decline of raw steel strip. The demand for international steel pipes has been very stable, so we can take this opportunity to purchase more.