Price trend

According to the statistics of SunSirs, the seamless tube was slightly adjusted this week. As of the weekend, the price of 20 #, 108 * 4.5 seamless tubes was 4,815 RMB/ton, down 0.77% from the beginning of the week and down 18.32% year on year. Some businesses had raised their prices, which varied with each other.

Analysis review

This week, the national inventory decreased by 44,300 tons to 725,700 tons. The operating rate of the national seamless tube plant was 51.9%, with an increase of 0.9% on a weekly basis.

This week, the third round of coke increase entered the white hot stage of the game between steel and coke enterprises. Iron ore was consolidated at a high level, and the rising cost would not bring too much profit space for steel mills, especially for winter storage. The expectation of low price winter storage was basically broken.

The shipment of the tube factory was good this week. In the short term, the environmental pressure of the department was reduced and the market expectation was improved.

Market outlook

It is expected that in the near future, the seamless tube will be mainly stable and stronger.

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