Oriental: Copper: Affected by the short covering, the LME copper in March rose sharply again yesterday, ending at 3,313 US ton per ton, up by US$71.5/t from the previous trading day, and the fluctuation ranged from 3320.5~3239. US dollar/ton, LME copper inventories increased by 1,025 tons to 52,850 tons, but the explosion of surrounding housing facilities in the Chambishi copper mine in Zambia increased the market’s concerns about supply shortages. The emergence of short-covering remnants made copper prices. Sharply higher, from the current trend of copper prices, three consecutive days of losing ground, has been recovered by the subsequent four-day increase, and the closing price has hit a new high, the momentum has not changed in the short term, just near the historical high , throwing pressure on the file is also heavier. In the foreign exchange market, the US dollar showed a trend of a sharp decline yesterday. The inflation data released by the United States yesterday showed that inflation was still high, which increased the market’s expectation of the Fed’s interest rate increase in the later period, resulting in the US dollar becoming stronger at one time, but was blocked at the 5-day moving average. Fall back. Yesterday, the domestic Shanghai copper showed a sharp upward trend. All the month-end contracts reached the previous high point. At the same time, from the position analysis, COFCO once again increased its net long position, which played a role in fueling the rise of domestic copper prices. Yesterday, the domestic spot price rose sharply to 35,800 to 35,950 yuan per ton. The operation is still dominated by short-term intra-day trading. It is not overnight. Aluminium: Although affected by the increase in inventories, with the sharp increase in copper prices, LME also saw a slight rebound in aluminum prices yesterday. It ended the day at 1884.5 US dollars/ton, up by 11 US dollars/ton from the previous trading day. LME yesterday. Aluminium stocks rose by 125 tons to 555,725 tons, and the continuous increase in inventories in the last two days made aluminum prices under pressure. Yesterday, the domestic Shanghai aluminum continued to exhibit oscillating movements. The transaction was relatively light. In the short term, it will maintain a wide range of shocks. The domestic spot price did not change by 16720~16740 yuan/ton yesterday. Operation should be based on wait and see. Overseas Express: LME Market Report: London April 20 news: London Metal Exchange (LME) copper prices rose on Wednesday, as the popularity turned better to re-stop on the level of $ 3,300 per ton. A trader said, "We see Copper futures performed well, breaking the 3,280/3,300 frontline resistance. It is expected to continue to rise, as price distortions inhibit short positions.†Analysts pointed out that copper is approaching the record high of US$3,338 hit last week, and its trend is affected by China’s domestic production. Strong growth in value (GDP), expectations of a firmer commodity price, and support for spot price distortions. Three-month copper futures closed at $3,307 per ton in late-night trading, up 2.2% from yesterday's 3,235. Since last week Speculative selling led to falling prices. After touching 3,110, copper has rebounded significantly, and investment funds have seen multiple rounds of copper again. One fund personage said, “After the decline from last week, copper performance has been quite resilient. There were some index related buying orders yesterday. At the same time, the oil price rally is also fierce.†** Several factors support metal prices** China’s GDP growth in the previous quarter was 9.5% higher than the same period of last year, which was higher than the analyst’s forecast of 9.1%. Morgan Stanley In the research report, the estimate of the possibility of a decline in the price of commodities to the mid-term level of the current cycle has been lowered. The distortion of the recent contract price still supports the copper price. The spot/three-month inversion reverse spread is enlarged to $183/193. For more than eight years, the inverse price difference was $178 on Tuesday and 170 at the beginning of the week. Traders pointed out that since the end of January there have been spot short positions that were mainly speculative purposes, and the price distortions at the time were also very serious. So far, the spot/day and tomorrow/the next day have seen a sharp rise in the inverse price difference and are expected to remain high until the beginning of next week. Earlier Wednesday/morning, the inverse price difference reached $28 yesterday. Another trader said. “There are always some people who are eager to close their positions until later. In the past, they were trapped and will be retired in the future.†**Expectations of Copper Futures for Other Metals ** Copper futures provided direction guidance for other base metals, which led to an overall increase. The three-month nickel overnight comprehensive trade closed at 16,025 US dollars per ton, higher than yesterday's 15,950. Spot/three-month futures reverse spread was 358/383 US dollars per ton, yesterday was 300. Three-month aluminum rose 19 US dollars to 1,889. three months per ton Zinc rose $ 22, to 1,326. Three-month lead rose $ 18 to 950. Three-month tin was up $ 100, to 8,200. COMEX Copper Market Report: NEW YORK, April 20: Copper futures on the New York Mercantile Exchange (COMEX) closed higher on Wednesday, and many factors jointly pushed the price of copper up to a week high. Traders said these factors include China's gross domestic product ( The GDP growth rate was higher than expected, suggesting that demand was good and that the US dollar fell in the end. Dealers said that an explosion was found near a copper mine in Zambia, and the global copper supply was tight and the buyer’s enthusiasm was high. The May copper rose 3.80. Cents, to close at 1.5095 US dollars per pound, approaching the 16-year high reached 1.5360 last Tuesday. Spot copper rose 2.85 cents to close at 1.5170 U.S. dollars in April. Other monthly periods were about 0#HG: up 2.50-3.70 cents. In the end, there were more than 30,000 closing orders, of which 4,178 were traded from the May contract period to the July contract. The prior notice date for the May contract is April 29.
- Specification:
- 1. Out diameter: 406.4mm - 1422.4mm (16"-56")
- 2. Thickness: 9.5mm-38.1mm
- 3. Length: 6m-12.5m
- 4. Type: LSAW (Longitudinal Submerged-Arc Welded), DSAW (Double Submerged-arc welded) Steel Pipe
- 5. Manufacturing Process:JCO(JCOE,COE)
- 6. Standard: API SPEC 5L (ISO 3183), GB/T 9711.1, GB/T 9711.2, GB/T 9711.3 BSEN10217
- 7. Uses: for conveying gas, water and oil, in the oil or natural gas industries
- 8. Chemical Analysis (%):
-
Standard Type of pipe Class Grade C max Si max Mn max P max S max V max Nb max Ti max API SPEC 5L
/ISO 3183WELD PSL1 L245 B 0.26 - 1.2 - 0.03 0.03 - - L290/X42 0.26 - 1.3 - 0.03 0.03 - - L320/X46 0.26 - 1.4 - 0.03 0.03 - - L360/X52 0.26 - 1.4 - 0.03 0.03 - - L390/X56 0.26 - 1.4 - 0.03 0.03 - - L415/X60 0.26 - 1.4 - 0.03 0.03 - - L450/X65 0.26 - 1.4 - 0.03 0.03 - - L485/X70 0.26 - 1.4 - 0.03 0.03 - - PSL2 L245M/GR.BM 0.22 0.45 1.2 0.025 0.015 0.05 0.05 0.04 L290M/X42M 0.22 0.45 1.3 0.025 0.015 0.05 0.05 0.04 L320M/X46M 0.22 0.45 1.3 0.025 0.015 0.05 0.05 0.04 L360M/X52M 0.22 0.45 1.4 0.025 0.015 - - - L390M/X56M 0.22 0.45 1.4 0.025 0.015 - - - L415M/X60M 0.12 0.45 1.6 0.025 0.015 - - - L450M/X65M 0.12 0.45 1.6 0.025 0.015 - - - L485M/X70M 0.12 0.45 1.7 0.025 0.015 - - - L555M/X80M 0.12 0.45 1.85 0.025 0.015 - - - - 9. Mechanical Properties
-
Standard Class Grade Yield Strength (MPa) Tensile Strength (MPa) Elongation(%) Y.S/T.S API SPEC 5L
/ISO 3183PSL1 L245 B min 245 415 b - L290/X42 min 290 415 b - L320/X46 min 320 435 b - L360/X52 min 360 460 b - L390/X56 min 390 490 b - L415/X60 min 415 520 b - L450/X65 min 450 535 b - L485/X70 min 480 470 b - PSL2 L245N/BN
L245M/BMmin 245 415 b - max 450 760 b 0.93 L290N/X42N
L290M/X42Mmin 290 415 b - max 495 760 b 0.93 L320N/X46N
L320M/X46Mmin 320 435 b - max 525 760 b 0.93 L360N/X52N
L360M/X52Mmin 360 460 b - max 530 760 b 0.93 L390N/X56N
L390M/X56Mmin 390 490 b - max 545 760 b 0.93 L415N/X60N
L415M/X60Mmin 415 520 b - max 565 760 b 0.93 L450M/X65M min 450 535 b - max 600 760 b 0.93 L485M/X70M min 485 570 b - max 635 760 b 0.93 L555M/X80M min 555 625 b - max 705 825 b 0.93
LSAW Steel Pipe,LSAW Steel Tube,LSAW L360 Steel Pipe ,LSAW L485 Steel Pipe
HeBei GuangHao Pipe Fittings Co .,LTD (Cangzhou Sailing Steel Pipe Co., Ltd) , https://www.guanghaofitting.com