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SunSirs: The Price of Seamless Tube Slightly Fell 0.22% This Week (December 9-13)

December 17 2019 08:56:22     SunSirs (John)

Price trend

According to the data of SunSirs, on December 13, seamless tube fell slightly. The quotation of 20# seamless pipe was 4,452 RMB/ton, down 0.22% from the beginning of the week, up 0.04% from the beginning of the year, up 0.33% year on year.

 

Analysis review        

Upstream pipe blank: most of the pipe blank is stable, among which, Jiangxin's price is temporarily stable, with the current quotation of 3,800 RMB/ton, Luli's price is temporarily stable, with the current quotation of 3800 RMB/ton. Dongfang increased the price by 10 RMB/ton, and now the price is 4,090 RMB/ton.

Tube factory: most of the quotation of seamless tubes in the tube factory is stable, among which, Linyi 108 * 4.5mm ordinary rolling 4,180-4,220 RMB, continuous rolling 4340 RMB/ton, 57 * 3.5mm cold drawing plus 300 RMB/ton; Liaocheng medium thickness Wall 4250-4300 RMB/ton; Panjin 102-159 * 4.5mm base price 4,390 RMB/ton; XinPengyuan 273-377mm series 4,350 RMB/ton; Yuanhua 219 * 6mm base price 4,300 RMB/ton; Xinye special steel 219 * 6mm base price 4,250 RMB / 4,300 RMB (except Central South), and the base price of 377 * 10mm is 4,500 RMB/ton (excluding Zhongnan). Some pipe factories in Linyi have limited production by 50%. Due to less demand, production is limited and manufacturers are losing money.

In terms of inventory: This week (12.9-13), the inventory of 23 leading cities in seamless pipes in China was 633,900 tons, a decrease of 20,700 tons from the same period last week, and a decrease of 3.17% from the previous month. Overall shipments are slow.

In terms of market: Recently, the merchants reported that the transaction was light, and some specifications still have a preferential space than the actual listing price. Traders are basically based on shipping and selling. It's mid-December, the downstream construction is gradually ending, the market demand has weakened, and merchants generally think that there is no need to adjust prices at the moment, so prices remain stable.

 

Market outlook

Seamless tube analysts believe that the stock in the former market is at a relatively normal level, and most businesses focus on shipping, and only replenish the out of stock specifications before the year, and have no intention to store goods in large quantities. It is expected that the domestic seamless tube will weaken and stabilize later. in the later stage..

 

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

 

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