SunSirs: Demand Is Less Than Expected, Seamless Pipe Prices Continue to Fall

Price trend

According to statistics from SunSirs, on October 30, the seamless pipe continued to fall. The price of 20# seamless pipe was 4,452 RMB/ton, down 3.22% from the previous trading day, up 0.04% from the beginning of the year and down 15.52% from the same period of last year.

Analysis review

Upstream tube blank: The billet price is stable and stable. Due to the environmental protection and limited production in the northern autumn and winter, Tianjin Tiangang plans to stop the production of the bar line from November 15 to December 31. It is expected to affect the output of the tube billet steel by 230,000 tons. Among them, it involves 130,000 tons of hot rolled tube billets and 100,000 tons of continuously cast tube billets.

For the pipe factory, Linyi produces 108 * 4.5 ordinary rolling, 4180-4200 RMB, 4310 RMB for continuous rolling, 57 * 3.mm5 cold drawing and 270 RMB. Liaocheng medium thick wall 4150-4250 RMB, Pan Jin 73-159mm base price 4320 RMB, Xinpengyuan 273-377mm series 4350 RMB, Yuanhua 219 * 6mm-4300 RMB, Xinye special steel 219 * 6mm-4300 RMB (except South Central), 377 * 10-4500 RMB (except South Central), all of which have been reduced.

On the market side: due to colder temperatures, seasonal demand is reduced and downstream purchases are limited. On the market side: due to colder temperatures, seasonal demand is reduced and downstream purchases are limited. From the national situation, the current merchants have a strong willingness to ship, and the outlook for the market is generally empty, and social stocks are declining.

Market outlook

Seamless tube analysts believe that the price of tube blank is stable, but the delivery of Shandong tube factory is poor, the inventory is relatively high, and the factory price continues to decline. However, due to the impact of environmental protection and production restriction in the north in autumn and winter, the price of tube blank is supported to some extent, and it is expected that seamless tube will be stable in the short term, moderate in the weak.

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