In the first half of the year, China's welded pipe market was affected by coVID-19 at the beginning of the year, and the domestic welded pipe price was greatly hit. With the orderly resumption of work and production in various industries in March, the demand for welded pipe increased explodes, and the welded pipe price gradually rose, and the profit level of pipe factory also reached the highest level in recent years.

Supply side: Due to the inventory shortage in the factory, the pipe factory will maintain high production in the short term, and the supply and demand will maintain a tight balance in the long term.

Demand side: With the continuous upgrading of traditional infrastructure and the gradual recovery of real estate investment, the demand for welded pipe is affected by the off-season in the short term, but the demand for welded pipe may be released again after the middle of August.

Import and export: With the epidemic situation at home and abroad gradually under control, the level of welded pipe import and export will be further restored.

Outlook: For the short-term welded pipe market, welded pipe demand will remain low in July. In the medium and long term, due to infrastructure upgrading and real estate investment recovery, domestic consumption is expected to be better in the second half of the year, and welded pipe price may see a wave of rise after the end of the off-season.