| According to the housing price data of 70 large and medium-sized cities released by the National Bureau of statistics, since 2019, the price increase of newly built commercial residential buildings in Xi'an continues to lead the country. In May, the price increase of new houses in Xi'an increased by 24.4% year-on-year and 2.0% month on month, both of which were the first in 70 cities.
This week, the market was mainly affected by the easing of Sino US trade war and the tightening of environmental protection control, which boosted confidence. The black line generally turned red, and iron ore reached a five-year high of 4.66%, which led to the rebound of the period snail, with an increase of 2.77%. The spot market of precision seamless steel tube is affected by the off-season market, which deviates from the forward market. The market transaction is light, and the price of precision seamless steel pipe tends to be stable on the whole, and some manufacturers have the action of reducing. Considering the positive and negative factors analyzed in this paper, the short-term market will be boosted by the stimulation of news, but the increase is limited. Considering the poor supply-demand structure of fundamentals and the influence of weather, The price of precision seamless steel pipe will be under pressure, and the market will be weak next week.