Price trend

According to data from SunSirs, the price of seamless tubes remained stable after the Spring Festival. As of February 7th, the price of 20 #, 108 * 4.5 seamless tubes was quoted at 4,205 RMB/ton, an increase of 0.24 compared to the previous year and a year-on-year decrease of 11.84%.

Analysis review

The ferrous futures market fluctuated and rose, and market confidence has been restored to some extent. The spot prices were still mainly stable, and the spot market prices were temporarily in the adjustment stage. Traders have basically completed the resumption of work, while downstream customers have relatively delayed the start of work, resulting in insufficient demand release. As of February 7th, the seamless tube market was in the recovery stage, with some businesses starting to work. The overall market activity was not high, and the release of market demand was insufficient. The overall domestic single order procurement was shrinking, and still need look forward to the gradual recovery and sustained strength of demand in the future.

Market outlook

Overall, merchants are currently undergoing rework, and there will not be a significant adjustment in seamless tube prices in the short term. It is expected that seamless tube prices will continue to operate steadily.

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