SunSirs: On April 6, the Market Price of Seamless Tubes Rose
April 07 2022 08:57:58 SunSirs (John)
Price trend
According to the statistics of SunSirs, on the 6th, the seamless tube market rose slightly. The spot price of 20#, 108*4.5 seamless tube was 6,287.5 RMB/ton, an increase of 2.4% over the previous trading day and an increase of 8.83% over the same period last year.
Analysis review
On the 6th, the price of seamless tubes mostly rose. Affected by the epidemic in Wuxi, the employees of some enterprises were controlled at home, and the market transaction was light, but the market price of seamless tubes rose following the price adjustment of steel mills.
Recently, the price of billet has continued to rise. In addition, the last blast furnace in Jiangxin has been put out, and the new Lingang plant will continue to take over production. The supply of billet in Shandong is limited, and the pipe factory needs to be sourced from outside, which has prompted the ex-factory price of seamless tube in Shandong to rise.
Market outlook
It is expected that seamless tubes will mainly run strongly in the short term.
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