SunSirs: No Improvement on Market of Seamless Tube Due to the Weak Demand,
December 05 2019 14:37:12 SunSirs (John)
Price trend
According to the data of SunSirs, on December 4, seamless tube quoted 4,462 RMB/ton, down 0.22% from the previous trading day, up 0.279% from the beginning of the year, down 5.06% year on year.
Analysis review
The domestic seamless pipe market price is mainly stable, and the shipment is still not improving. The price of seamless pipes in the upper reaches is mainly weak and stable. Linyi 108 * 4.5mm factory general rolling is 4,350-4,400 RMB/ton, and the continuous rolling is 4,450 RMB/ton. The actual transaction is a bit down. The factory price of seamless tube factory in Linyi District, Shandong Province is reduced by 50 RMB/ton, the factory price of mainstream medium hot rolled tube billet is 4,250 RMB/ton, and the price of individual factory is 4,220 RMB/ton. In terms of market, due to the cold weather, the turnover of seamless pipes in the northern region has declined significantly. It is reported that the turnover of large scale traders in Tangshan, Beijing, Xi'an and other regions today is about 150-200 tons, and the inventory of large scale householders is about more than 3,000 tons.
Market outlook
Seamless tube analysts believe that the production of upstream tube blank has been reduced due to environmental protection reasons, and the price has been raised, but the demand is weak, and the price of seamless tube market is expected to remain weak and stable.
If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.
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