Price trend
According to the statistics of SunSirs, the price of seamless tube was stable and slightly adjusted in January. At the beginning of the month, the quotation of 20#, 108 * 4.5 seamless tube was 4,982.5 RMB/ton, and dropped to 4,955 RMB/ton at the end of the month, down 0.55%, and down 15.15% year on year.
Analysis review
Fundamentals:
In January, due to the shutdown of the factory around the Spring Festival, the quotation of seamless tube was basically stable. After the festival, the tube factories in various regions began to work one after another. The order situation of the tube factories was relatively general, and the stock of billets was stable. The market trading business continued to start. At the beginning of the new year, the market transaction was weak, but the overall market expectation was positive. Some individual tube plants had maintenance plans before and after the Spring Festival, and the stock of tube plants had increased slightly. With the increase of tube blank orders of steel plants, it is expected that the tube blank orders of tube plants will arrive in succession at the beginning of February, and the stock of raw materials of tube plants will increase slightly.
Market outlook
To sum up, after the festival, most traders had started work, while a few had not yet started work. After the commencement of construction, the price of raw materials continued to rise, and the ex-factory price of tube plants increased accordingly. The market sentiment rose under the background of the price adjustment of mainstream tube plants. With the construction of downstream construction sites after the Lantern Festival, the demand will be gradually released, and the market price of seamless tube is expected to strengthen in the month.
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