SunSirs: The Seamless Tube Market Experienced a Slight Decline This Week (September 16-20)
September 24 2024 09:09:55 SunSirs (John)
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 4,145 RMB/ton, a decrease of 0.42% from the beginning of the week and a year-on-year decrease of 12.46%.
Analysis review
The upstream pipe blank remained stable this week, with sporadic declines. The shipping speed of the pipe factory was average, and stable price shipments were maintained.
Returning after the holiday, the shipment was average, and the overall market quotation was mainly based on shipment. The emotional aspect had a partial boosting effect, and the market was optimistic about the easing of domestic financial pressure in the future. The overall inventory turnover of seamless tubes was slow, and with low-priced resources still circulating and pipe factory profits remaining, most market quotations were still stable and weak.
Market outlook
It is expected that the price of seamless tubes will continue to be stable with light fluctuations.
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