It's reported that Chinese stainless steel pipe market has remained weak since this year due to weak demand from domestic and foreign market.
Thus, even the period during September through October is the traditional peak season; Chinese stainless steel market has still kept sluggish.
According to data, China's car output totaled 5.1996 million units in the first half of this year and its sales volumes were 5.1822 million units. The growth of car output and sales volume has present slack this year.
Accordingly, Chinese automobile industry's demand for stainless steel pipes has been slowing.
Also, China's shrunk real estate has also impact the demand for stainless steel.
For the prospect, industry sources expected that the Chinese stainless steel pipe market could rebound in October.