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SunSirs: The Price of Seamless Pipes Was Weak and Steady on Oct. 10

2019-10-10 15:10:26     SunSirs (John)

Price trend

According to statistics from SunSirs, on October 10, 20 # seamless pipe quoted 4706 RMB/ton, which was the same with the previous trading day, up 5.75% from the beginning of the year and down 9.93% year-on-year.

 

Analysis review

Seamless pipes have recently stabilized and weakened mainly.

Upstream tube blank: The tube blank is stable and strong, and now Luli hot rolled 3680 RMB/ton, Jiang Xin up 20 RMB/ton to 3720 RMB/ton, Tiangang 3750 RMB/ton. In the first ten days of bidding, Huaigang 4040 RMB/ton, Zhongtian 4000 RMB/ton, Changqiang 3950 RMB/ton, each one increase 30 RMB/ton respectively, Weigang 3850 RMB/ton.

In terms of pipe factory: The factory price of the pipe factory is weak. Linyi 108*4.5 has a general mill rolling price of 4300-4370 RMB/ton, and the downward adjustment range is 50-80 RMB/ton. The continuous rolling is 4590 RMB/ton (Jinzhengyang continuous rolling maintenance 15 days), cold drawing price is increased by 270/ton. Liaocheng medium-thick wall 4250-4300 RMB/ton, XinpengRMB 273-377 series 4400 RMB/ton, Panjin 73-159 base price 4480 RMB/ton, RMBhua down 50 RMB/ton, 219 * 6 is 4320 RMB/ton.

Market: The overall demand for seamless pipes after the holiday is not obvious. Some of the leading cities have fallen in price, the overall transaction is poor, and the shipment is not smooth.

 

Market outlook

Seamless tube analysts from SunSirs believe that seamless tube merchants replenish warehouses on demand, flexible stock preparation, maintain market inventory to a low level, all these maybe support prices, but demand release is not obvious, it is expected that seamless tube will be stable and weak in short-term.

 

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

Price trend According to statistics from SunSirs, on October 10, 20 # seamless pipe quoted 4706 RMB/ton, which was the same with the previous trading day, up 5.75% from the beginning of the year and down 9.93% year-on-year. Analysis review Seamless pipes have recently stabilized and weakened mainly. Upstream tube blank: The tube blank is stable and strong, and now Luli hot rolled 3680 RMB/ton, Jiang Xin up 20 RMB/ton to 3720 RMB/ton, Tiangang 3750 RMB/ton. In the first ten days of bidding, Huaigang 4040 RMB/ton, Zhongtian 4000 RMB/ton, Changqiang 3950 RMB/ton, each one increase 30 RMB/ton respectively, Weigang 3850 RMB/ton. In terms of pipe factory: The factory price of the pipe factory is weak. Linyi 108*4.5 has a general mill rolling price of 4300-4370 RMB/ton, and the downward adjustment range is 50-80 RMB/ton. The continuous rolling is 4590 RMB/ton (Jinzhengyang continuous rolling maintenance 15 days), cold drawing price is increased by 270/ton. Liaocheng medium-thick wall 4250-4300 RMB/ton, XinpengRMB 273-377 series 4400 RMB/ton, Panjin 73-159 base price 4480 RMB/ton, RMBhua down 50 RMB/ton, 219 * 6 is 4320 RMB/ton. Market: The overall demand for seamless pipes after the holiday is not obvious. Some of the leading cities have fallen in price, the overall transaction is poor, and the shipment is not smooth. Market outlook Seamless tube analysts from SunSirs believe that seamless tube merchants replenish warehouses on demand, flexible stock preparation, maintain market inventory to a low level, all these maybe support prices, but demand release is not obvious, it is expected that seamless tube will be stable and weak in short-term. If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

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