Price trend

According to data from SunSirs, the price of seamless tubes had slightly increased this week. As of the weekend, the price of seamless tubes for 20 # and 108 * 4.5 was quoted at 4,667.5 RMB/ton, an increase of 0.59% from the beginning of the week and a year-on-year increase of 1.08%.

Analysis review

In the past few days, raw material prices had shown strong performance, and the factory had raised factory prices. However, continue to observe market demand and downstream acceptance of price increases. Overall, most downstream companies were still mainly wait-and-see. Approaching the end of the month, there was a possibility of an increase. Traders from multiple regions had offered stable prices, and there was a slight increase in quotations when they had demand for replenishment.

Market outlook

In summary, it is expected that the price of seamless tubes will remain stable.

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