Price trend
According to the statistics of SunSirs, on the 21st, the market price of seamless tube rose slightly. The spot price of 20#, 108*4.5 seamless tube was 5,960 RMB/ton, an increase of 0.72% from the previous trading day and a year-on-year increase of 12.88%.
Analysis review
From the 21st, the environmental protection policy in Linyi area has been lifted, and work has been resumed one after another. Among them, Jinbaocheng, Ruiganglian, Yongan Haoyu and other pipe factories have started ovens. It is expected that the pipes would be produced on the 22nd or 23rd, and the seamless tube specifications will be supplemented one after another. Downstream demand has also resumed work one after another.
Market outlook
In the case of double rise in supply and demand, it is expected that the domestic seamless tube market will be temporarily stable.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.