SunSirs: The Seamless Tube Market Experienced a Slight Decline This Week (August 5-9)
August 12 2024 13:40:28
Price trend
According to data from SunSirs, the price of seamless tubes had slightly decreased this week. As of the weekend, the price of 20#, 108 * 4.5 seamless tubes was quoted at 4,365 RMB/ton, a decrease of 0.63% from the beginning of the week and a year-on-year decrease of 10.05%.
Analysis review
This week, steel mills' prices for tube blanks had dropped. The factory price for 20# hot-rolled tube billets was 3,440-3,900 RMB/ton, a decrease of 10-30 RMB/ton.
With the further decline in raw material prices, the sentiment of manufacturers had been significantly dampened, and the spot market was relatively quiet, with actual transactions mostly being low-priced resources. Although the beginning of autumn arrived, many places were still in a state of high temperature roasting, and terminal construction was limited. Actual demand continued to be sluggish, and downstream purchasing willingness had significantly weakened. As of August 9th, the supply-demand contradiction had not been effectively alleviated, and the sales pressure of various traders was relatively high, mainly focusing on shipment. However, the atmosphere of wait-and-see among traders and downstream tourists was becoming stronger.
Market outlook
In summary, it is expected that the price of seamless tubes will continue to adjust weakly.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
