Price trend

According to data from SunSirs, the price of seamless tubes had slightly decreased this week. As of the weekend, the price of seamless tubes for 20 # and 108 * 4.5 was quoted at 4,627.5 RMB/ton, a decrease of 0.91% from the beginning of the week and a year-on-year decrease of 4.88%.

Analysis review

The overall seamless tube market was still weak this week. Although the rise in prices of raw materials such as coke had stimulated steel mills to accept orders at high prices, the shipment situation in the seamless tube market was not optimistic. Coupled with weather factors in various regions, it had led to another increase in inventory in tube factories.

Market outlook

The May Day holiday is coming soon, and there is not much stocking operation in the market. Mostly maintain normal inventory, and although the cost support for seamless tubes is strong, demand is weak. It is expected that the seamless tube market price will be weaker before the holiday.

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