Price trend

According to data from SunSirs, the price of seamless tubes had slightly decreased this week. As of the weekend, the price of 20 #, 108 * 4.5 seamless tubes was quoted at 4,227.5 RMB/ton, a decrease of 0.18% from the beginning of the week and a year-on-year decrease of 8.99%.

Analysis review

The price of upstream tube billets fluctuated downward, with a weekly decrease of 10-30 RMB/ton. As of November 22nd, the market price of 20 # hot-rolled tube billets was quoted at 3,450-3,600 RMB/ton.

On the one hand, with the gradual implementation of previous policies, market sentiment has improved to some extent. On the other hand, the rush of construction in some southern regions and the suspension of work in the north have offset the impact, but overall demand has been weak. As of November 22nd, the seamless tube market has not shown strong driving factors, and the price fluctuation space of both the market and spot goods was limited.

Market outlook

Next, it’s still needed to look at the winter storage situation. As of November 22nd, the market's willingness to conduct winter storage research was low, and it is expected that seamless tubes will continue to fluctuate weakly in the short term.

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