Price trend

According to data from SunSirs, the price of seamless tubes had slightly increased this week. As of the weekend, the price of 20 #, 108 * 4.5 seamless tubes was quoted at 4,507.5 RMB/ton, up 8.42% from the beginning of the week and down 3.84% year-on-year.

Analysis review

The price of upstream tube billets had slightly decreased, and the market price of 20 # hot-rolled tube billets was quoted at 3,600-3,700 RMB/ton. The price of tube billet resources in Shandong and Tianjin had been affected to some extent. In the past two days, the price of tube blanks had been reduced by 50 RMB/ton, and the price of tube blanks may continue to decline in the near future. The ex factory prices of mainstream tube factories in the market were basically stable.

Most traders in the seamless tube market had reported a surge in price increases during the holiday period, but the trading volume was relatively low. Most tube factories had followed the rise of raw materials by 100-300 RMB/ton, but most of them had been steadily selling at low prices, with a clear upward trend. Due to the relatively delayed response of seamless tube prices after the National Day holiday, the reduction in raw material prices may not have a significant impact on seamless tubes, and businesses' actual operations are still mainly focused on shipping.

Market outlook

Although there were many macro benefits, the demand problem was significant and the market demand continued to be sluggish. The downstream funding situation was poor, and the spot prices in the market were lower than expected. Most merchants still focused on stable price shipments. It is expected that the price of seamless tubes will remain stable with minor fluctuations.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.