SunSirs: The Operating Rate Rises but the Price of Seamless Pipe Is Difficult to Rise
September 05 2019 09:32:39 SunSirs (John)1.the price trend
According to statistics from SunSirs, on September 4, the market price of 20# seamless pipe 108*4.5 was 4690 RMB/ton, which was flat compared with the previous trading day, up 5.39% from the beginning of the year and down 10.45% year-on-year.
2.Market analysis
Industry chain: recently seamless pipe stability is the main. Pipe billet rebounded slightly on the 3rd. The ex-factory price of pipe billet of steel mills in Shandong and Jiangsu increased by 20-30 RMB/ton. Today, the transaction price of medium hot-rolled pipe is between 4450-4480 RMB/ton, but the price quotation of pipe mills is relatively stable. In Linyi area, the start-up rate of pipe mills is rising, the price of seamless pipe market is difficult to keep up with other varieties in a short time, and the social stock will be replenished later. With the production of six continuous rolling mills in Panjin, there are five lines in Xinye Special Steel, two lines in Xinye Special Steel this year, and the production of medium-caliber pipes is also arranged and put into the market. Resources are gradually increasing in the market. Business operations are still cautious, and the future market is still not optimistic.
3.Market outlook
Seamless tube analysts from SunSirs believe that although the raw material billet rises, but the start-up rate rises and demand is limited, seamless tube is expected to remain stable in the short term.
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