Price trend

According to the statistics of SunSirs, the seamless tube fell weakly this week. As of the weekend, the price of 20 #, 108 * 4.5 seamless tubes was 4,952.5.5 RMB/ton, down 1.1% from the price of 5,007.5 RMB/ton at the beginning of the week, and down 23.13% year on year.

Analysis review

This week, the national inventory increased to 808,000 tons, the operating rate of the national seamless tube plant was 58.64%, and the week on week ratio decreased by 0.25%.

Recently, domestic public health events were serious and involve a wide range of areas. For this, many places improved the level of prevention and control, and the number of closed control and control areas increased significantly. The import and export of goods from all regions were blocked. The continuous decline of steel prices had led to a sharp narrowing of the profits of steel mills.

The price of tube blank fell this week, and the seamless tube factory became loose. The mainstream seamless tube production areas across the country were affected by public health events. Cangzhou, Zhengzhou and other places had managed silently. The seamless tube factory's inventory continued to accumulate. The pipe factory flexibly reduced the operating rate to cope with the current situation.

Market outlook

It is expected that the seamless tube will continue to be weak and stable in the near future.

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