Price trend

According to statistics from SunSirs, the seamless tube market fluctuated slightly this week. The price of 20#, 108*4.5 seamless tubes at the beginning of the week reported 4,392.5 RMB/ton, which was the same from the price at the weekend, down 1.2% from the beginning of the year and down 7.41% year-on-year.

Analysis review

The price of raw tube billet was stable

This week, the price of tube billet was mainly stable, and some were raised by 30 RMB/ton, and the 20# hot-rolled quotation was 3,820-4,250 RMB/ton. As of the 21st, the ex-factory price of the seamless tube plant: Tiangang 20# hot-rolling price was 3,800 RMB/ton, Linggang's price was 4,090 RMB/ton, and Zhongtian's price was 4,250 RMB/ton.

The seamless tube price of tube factory

This week, the price of seamless tubes in the tube plant was mainly stable. Among them, 108*4.5 seamless tubes, Jinzhengyang 4,350 RMB/ton, Jinbaocheng 4,350 RMB/ton, Taizong 4,330 RMB/ton, Ruiganglian 4,300 RMB/ton, Meixin 4,300 RMB/ton.

Seamless tube inventory

The operating rate of 200 production lines nationwide (including 40 long-flow steel pipe plants) was 76.2%, an increase of 1.5 percentage points from last week (August 14). The total inventory was 925,000 tons, a decrease of 29,000 tons from last week, and a weekly decrease of 3.04%. Inventory decreased for two consecutive weeks.

Market outlook

In summary, the mainstream market price of seamless tubes remained stable, transactions were relatively flat, terminal market demand has not improved, and the overall trading atmosphere was sluggish. The raw material billet prices are temporarily stable, and the mainstream seamless tubes will not be adjusted for the time being. The market demand in the off-season is still weak. In the past two days, orders have been significantly reduced due to the rainy season. Merchants mostly rely on flexible operations and sell goods. The market price of seamless tubes is expected to be weak and stable.

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