Price trend

According to the statistics of SunSirs, this week, the trend of seamless tubes fluctuated slightly. The price of 20#, 108*4.5 seamless tubes was reported at 6,002.5 RMB/ton at the weekend, down 0.33% from the price of 6,022.5 RMB/ton at the beginning of the week, and up 7.57% year-on-year.

Analysis review

This week, the price of seamless tubes was stable with small changes. The prices of upstream billets were also mainly stable, some rose slightly, and the transactions of upstream billets were general. The price of the tube on tube factories was mixed, and it was stable mainly near the weekend, and the order of the tube factory was general.

In terms of the market, recently affected by logistics, the arrival of billet resources in tube factories across the country was slow. Some tube factories had limited production due to the impact of the epidemic, and the inventory of tube factories was low. The enthusiasm of downstream demand was not good, and most merchants mainly shipped at stable prices.

Market outlook

It is expected that the domestic seamless tube market is still dominated by stable with minor changes trends.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.