Price trend

According to data from SunSirs, the price of seamless tubes has slightly decreased this week. As of the weekend, the price of 20 #, 108 * 4.5, seamless tubes was quoted at 4,200 RMB/ton, a decrease of 0.24% from the beginning of the week and a year-on-year decrease of 8.94%.

Analysis review

This week, the price of raw material billets has slightly decreased, and the factory quotation for 20 # hot-rolled billets was 3,380-3,490 RMB/ton.

Affected by the decline in raw materials, the seamless tube market has been sluggish for several days. With news of steel mills conducting maintenance and reducing production, raw material prices continued to be under pressure, and the contradiction has not yet eased. As the Spring Festival approaching, the market is gradually entering a holiday mode, and some tube factories are undergoing maintenance during the Spring Festival. There is further room for supply decline, but tube factory inventory continues to decline, and market dominance will shift from raw materials to finished products. It is necessary to pay attention to changes in inventory and production data in the near future.

Market outlook

As of January 10th, the market accumulated a lot of negative emotions and digested some risks before the New Year, which may not be a good thing for the seamless tube market. However, in the short term, costs continue to weaken, coupled with weak supply and demand, and seamless tube prices will continue to operate to be weaker.

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