SunSirs: Traders withdraw from the market one after another, and the price of seamless pipes will be stable before the holiday
January 15 2020 16:22:51 SunSirs (Molly)
According to statistics from SunSirs, on January 15, the seamless pipe was quoted at 4,456 yuan/ton, which was flat compared to the previous trading day and fell by 1.55% year-on-year.
Analysis of influencing factors:
As the Chinese New Year approaches, traders leave the market one after another, and the price of seamless pipes is mainly stable. In terms of tube billet: Tianjing Steel 20 # tube billet ex-factory price: 3800 yuan / ton for hot rolling; 3700 yuan / ton for continuous casting. Jiangxin's tube billets leave the factory: hot rolled 3800 yuan / ton; continuous casting 3700 yuan / ton; 45 # 3850 yuan / ton. Dongfang 20 # pipe billet leaves the factory: 4020 yuan / ton (up 10 yuan / ton). Pipe factories generally stopped ahead of schedule this year. The operating rate of pipe factories in Shandong Linyi area was less than 20%.
Market forecast:
SunSirs analysts believe that the Spring Festival is approaching, and most of the merchants are on holiday. The logistics companies across the country are also shutting down. The market transactions are uneven. Many traders have basically completed the replenishment operation before the holiday. The market price of seamless pipes in the early stage of the Spring Festival will no longer change.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
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