SunSirs: Seamless Pipe Prices Drop Slightly on April 1
April 03 2020 08:11:15 SunSirs (Molly)
Price trend
According to statistics from SunSirs, the seamless pipe quoted on April 1 was 4,372 yuan / ton, a slight decrease of 1% from the previous day and a decrease of 6.98% year-on-year.
Raw materials: Jiangxin tube billets leave the factory, hot rolled 3650 yuan / ton, continuous casting 3550 yuan / ton; 45 # 3700 yuan. The two converters are overhauled and production is scheduled on the 29th. In the beginning of April, Weigang reduced round steel in the north (including Shandong) by 50 yuan / ton, and in the south by 60 yuan / ton. The tube billet is lowered by 50 yuan / ton uniformly. The current 20 # hot-rolled tube billet is 3670 yuan / ton, and the 20 # continuous casting tube billet is 3570 yuan / ton.
Market: Considering the weakening of raw materials in the near future, seamless tube management will still fall more or less in the short term. Although the decline in raw materials, coupled with the lackluster demand response, led to fewer transactions in the market in large volumes. Especially in the downstream industry, the level of normal shipments has been maintained, and merchants ship on demand and are more cautious.
Market Forecast: It is expected that the short-term seamless tube market will be mainly weak and stable.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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