Price trend

According to data from SunSirs, seamless tubes saw a slight decline this week. As of the weekend, the price of seamless tubes 20# and 108 * 4.5 was quoted at 4,612.5 RMB/ton, a decrease of 0.27% compared to the beginning of the week and a year-on-year decrease of 22.67%.

Analysis review

The supply of Tangshan steel billet increased and the demand slowed down, prices had fallen, and market sentiment continued to be bearish. Currently in the off-season, the shipment situation is not ideal. At present, many regions in the south have entered the main flood season, with recent concentrated heavy rainfall. The actual downstream demand is limited, and more purchases are made according to demand.

Market outlook

It is expected that the price of seamless tubes will be weak mainly.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.