SunSirs: This Week, the Seamless Tube Market Was Mainly in a Weak Decline (September 12-16)
September 19 2022 10:06:48 SunSirs (John)
Price trend
According to the statistics of SunSirs, this week, the seamless tube was still weak and stable. As of the weekend, the price of 20#, 108*4.5 seamless tube was 5,120 RMB/ton, down 0.82% from 5,162 RMB/ton at the beginning of the week and down 19.31% year-on-year.
Analysis review
For the upstream billet, the ex-factory price of Dongfang hot-rolled billet was 4,270 RMB/ton, a decrease of 50 yuan from the same period last week; the ex-factory price of NTS’ 20# hot-rolled billet was 4,060 RMB/ton, a decrease of 20 RMB/ton from the same period last week; the ex-factory price of Tangshan Wenfeng 20# continuous casting billet was 4,200 RMB/ton, the same as last week. Linyi Steel Investment Special Steel 45# has been put into production. At present, some products of continuous casting, hot rolling and 45# have entered the market.
Some tube factories are planning maintenance one after another, so the operating rate has dropped slightly. In addition, the volume of orders received in the early stage was relatively full, and the focus was on shipments this month, so the operating rate of the tube factory remained unchanged. The total inventory of seamless tube plants was 452,400 tons, an increase of 23,300 tons per week, and a 5.4% increase from the previous week. The total inventory of billets was 248,500 tons, a decrease of 8,900 tons from last week.
Market outlook
August is in a period of transition from the off-peak season of steel. Entering September, as the high temperature weather recedes, it is expected that the downstream construction may turn for the better. It is expected that the price of seamless tubes may fluctuate strongly in the short term.
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