Price trend

According to the statistics of SunSirs, on January 17, the price of seamless tube was stable. The spot price of 20# and 108*4.5 seamless tube was 5,825 RMB/ton, which was unchanged from the previous trading day and increased by 15.35% year-on-year.

Analysis review

The upstream billet price was stable. Recently, the epidemic situation has repeated, and the seamless pipe factory was producing normally but mainly for local circulation. Vehicle transportation was blocked in some areas, which indirectly caused some projects and traders to take a holiday in advance, and the seamless pipe market entered the rest stage in advance.

Market outlook

It is expected that the domestic seamless pipe market price will remain stable before the Spring Festival.

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