Price trend

According to data from SunSirs, seamless tube prices fluctuated and fell in March. At the beginning of the month, the price for 108 * 4.5 seamless tubes was 4,215 RMB/ton, but by the end of the month it had dropped to 4,132.5 RMB/ton, a decrease of 1.96% and a year-on-year decrease of 11.93%.

Analysis review

In terms of raw materials, coke has fallen for a total of 11 rounds. Previously, there were 12 rounds of price increases and decreases in the industry, and the downward movement of cost support has simulta 1,100 tons from last week. The inventory decline was average, indicating that the real problem has not been significantly improved and the market lacked sustained upward momentum.

On the demand side: The peak season led to slower destocking, and the market remained cautious about the future. The pattern of slow demand recovery was difficult to change, and the recovery of the real estate market was also slow.

In terms of exports, China's seamless tube exports in February were 379,900 tons, a month on month decrease of 21.90% and a year-on-year increase of 8.11%; From January to February, China exported a total of 866,000 tons of seamless tubes, a year-on-year increase of 9.18%. In February, China imported 8,600 tons of seamless tubes, an increase of 28.20% month on month and 5.62% year-on-year; From January to February, China imported a total of 15,300 tons of seamless tubes, an increase of 4.79% year-on-year.

Market outlook

In summary, the slow recovery of demand has not changed, and there were contradictions in reality, but they have not been intensified. The market still had expectations for production restrictions, and the real situation of production reduction was particularly important. As the end of the month approaching and the Qingming holiday approaching, there will not be much change in the market. It’s needed to wait until the situation becomes clearer in April. In the short term, seamless tube prices may experience a narrow adjustment in operation.

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