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 4,105 RMB/ton, a decrease of 0.06% from the beginning of the week and a year-on-year decrease of 2.15%.

Analysis review

This week, the market price of tube billets remained stable, with a factory price of 3,360-3,400 RMB/ton for 20 # hot-rolled tube billets. Most steel mills had stable prices for tube billets, but some have secretly lowered their shipments. The bearish sentiment in the market has intensified, and downstream tube factories had low purchasing enthusiasm. Market transactions were mainly driven by rigid demand.

In terms of supply, the inventory of seamless tubes in the factory this week was 623,200 tons, an increase of 8,700 tons from the previous week. The inventory of seamless tubes in the factory slightly increased this week, which had a negative impact on the price of seamless tubes. However, the overall inventory level still remained at a low level, which provided some support for seamless tubes.

In terms of demand, the sluggish demand for seamless tubes, poor market sentiment, rapid supply growth, and slow demand recovery have put pressure on seamless tube prices. As of April 18th, the market speculation was poor, downstream demand was insufficient, and the phenomenon of giving discounts was obvious. Buyers' willingness to accept orders was insufficient, and it was still difficult to transact high priced resources.

Market outlook

The reality of rapid growth in the basic supply of seamless tubes and slow recovery of demand puts pressure on seamless tube prices, and in the short term, seamless tube prices may mainly experience fluctuations and adjustments.

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