SunSirs: The Price of Seamless Tube Fell Weakly on October 21
October 22 2019 13:23:38 SunSirs (John)Price trend
According to the price monitoring of SunSirs, on October 21, the price of 20# seamless pipe was 4626 RMB/ton, down 0.52% from the previous trading day, up 3.96% from the beginning of the year and down 12.51% year-on-year.
Analysis review
Seamless pipes have continued to maintain a stable and weak trend in the near future.
Upstream tube blank: Some manufacturers of tube blanks are slightly reduced. Among them, 20# hot rolled tube billet of Weifang Iron and Steel Co., Ltd. is lowered by 50 RMB/ton, and the current price of Φ50-130mm is 3750 RMB/ton. Changqiang Steel Tube Billet will remain unchanged, and the current price of 20# hot-rolled tube billet Φ45-130mm will be RMB 3,950/ton.
Pipe factory: Jinbaocheng seamless pipe factory price cut 50 RMB/ton, general rolling 108 * 4.5mm ex-factory price is 4260 RMB/ton.
Market: The climate in the northeast region is getting colder, some projects are rushing, and shipments are performing well. In most regions, shipments are still normal, demand is limited, and large households ship 100-200 tons.
Market outlook
The seamless management analyst of the business community believes that the off-season is approaching, and the pressure on the inventory of the factory is increasing. For the recent price decline, the market sentiment is pessimistic, and the merchants ensure that the inventory flow is mainly based on reducing the backlog. It is expected that the seamless pipe will be stable and weak.
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