Price trend

According to statistics from SunSirs, the seamless tube market rose slightly this week. The price of 20#, 108*4.5 seamless tubes at the beginning of the week was reported at 4,372.5 RMB/ton, and at the weekend was 4,385 RMB/ton, up 0.29% from the beginning of the week and down 1.37% from the beginning of the year, down 6.58% year-on-year.

Analysis review

Raw material billet price increased

This week, billet prices have been raised by 30-80 RMB/ton, and 20 hot-rolled quotations are 3,850-4,250 RMB/ton. As of the 14th, the ex-factory price of the seamless tube plant: 20# hot-rolled Tiangang 3,850 RMB/ton, Linggang 4,090 RMB/ton, Zhongtian 4,250 RMB/ton.

The seamless tube price of tube factory

This week, the seamless tubes of the tube mills rose and fell, most of which were stable. Among them, 108*4.5 Jinzhengyang 4,350 RMB/ton, Jinbaocheng 4,350 RMB/ton, Taizong 4,330 RMB/ton, Ruigang Union 4,300 RMB/ton, Meixin 4,300 yuan /ton.

Seamless tube inventory

The operating rate of 200 production lines nationwide (including 40 long-flow steel pipe plants) was 74.7%, a decrease of 0.6 percentage point from last week (August 7). The total inventory was 954,000 tons, a decrease of 28,000 tons from last week, and a week-on-week decrease of 2.85%. The four consecutive weeks of inventory growth was ended.

Market outlook

In summary, the billet prices continued to rise this week, and the prices of seamless tube plants were relatively stable. The market has generally held stable quotations today. The off-season has affected and the transactions have been light. For the increase in raw material prices, merchants are not in a hurry to stock up. Seamless tube traders in various places are digesting the low-priced inventory in the early stage, and they are cautious in their operations. They mainly wait and see. It is expected that the domestic seamless tube market will be stable in the near future.

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