SunSirs: The Seamless Tube Market Saw a Slight Increase This Week (September 9-13)
September 14 2024 09:19:17 SunSirs (John)
Price trend
According to data from SunSirs, the price of seamless tubes has slightly increased this week. As of the weekend, the price of 20 #, 108 * 4.5 seamless tubes was quoted at 4,162.5 RMB/ton, up 0.73% from the beginning of the week and down 11.95% year-on-year.
Analysis review
The upstream tube blank has slightly increased this week, and the raw material prices have been affected to some extent. The ex factory prices of most tube factories remained stable, with rising raw material prices. The profits of tube factories were still acceptable, and there were still low-priced resources in the market. Prices were mainly temporarily stable.
Market outlook
The traditional peak season was halfway through, and the main focus is on reducing inventory for management factories, with few operations to increase factory prices. The demand was slowly recovering, and market sentiment had shown some recovery. The apparent speed of demand recovery was relatively slow, and most management companies were cautious about future sentiment. It is expected that seamless tube prices will mainly be consolidated.
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