According to statistics from SunSirs, the seamless tube market dropped slightly this week. At the beginning of the week, the price of seamless tubes of 20#, 108*4.5 reported 5,120 RMB/ton, and at the weekend it was 5,050 RMB/ton, down 1.37% from the beginning of the week, down by 1.42% from the beginning of the week, and an increase of 13.33% year-on-year.
The price of raw tube billet fell
The main domestic pipe rings fell this week. Changzhou Dongfang’s ex-factory price for 20# hot-rolling was 5,030 RMB/ton, down 70 RMB/ton; Jiangxin’s billet fell by 100 RMB/ton, the ex-factory price of 20# hot-rolling was 4,500 RMB/ton.
Some seamless tube price of tube factory was up and some down
This week, the pipe factory prices will increase by 20-50 RMB/ton. Among them, 108*4.5 seamless tubes, Jinzhengyang 4,400 RMB/ton, Jinbaocheng 4,300 RMB/ton, Taizong 4,250 RMB/ton, Ruiganglian 4,250 RMB/ton, Meixin 4,230 RMB/ton.
The price of tube factory fluctuated, most of which were stable, and the ex-factory price of 108*4.5mm was 4,950-5,150 RMB/ton. The ex-factory price of Jinzhengyang seamless pipe was 4,980 RMB/ton; Meixin pipe was 5,000 RMB/ton; Jinbaocheng was 5,150 RMB/ton.
Seamless tube inventory
The operating rate of 200 production lines nationwide (including 40 long-flow steel pipe plants) was 61.3%, a decrease of 0.02 percentage points from last week (January 8). The total inventory was 652,000 tons, a decrease of 36,000 tons from last week, and a weekly decrease of 5.23%.
To sum up, the current market demand is not good and the tube billet price is weak. Due to the low operating rate and insufficient spot inventory, the tube factory has a strong willingness to uphold the price, and the overall price is mainly stable. Affected by the off-season, merchants are not very emotional about the operation of winter storage, and merchants have a wait-and-see attitude for the market outlook for the time being with a small amount of goods. The seamless tube are expected to be stable and weak before the Spring Festival.
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