Price trend

According to data from SunSirs, seamless tubes had undergone a narrow adjustment this week. As of the weekend of 20#, the price quote for 108 * 4.5 seamless tubes was 4,765 RMB/ton, which was unchanged from the beginning of the week and a year-on-year decrease of 24.27%.

Analysis review

This week's national inventory was increased by 26,600 tons from last week to 868,000 tons. The operating rate of seamless tube factories nationwide was 55.85%, a decrease of 2.66% compared to last week.

As of the 12th, the order situation of the tube factory had slightly improved, and the inventory pressure of the tube factory might be slightly eased. Some tube factories were in the stage of maintenance or production reduction, and there might be some room for a decrease in supply, but the overall factory inventory was still at a high level.

In terms of the market, the ferrous metal futures were weakening, and market sentiment was cautious. The prices of traders in many places were mainly stable, and the overall market shipments were average. The traders mainly replenished the stock according to the lack of specifications, and mainly digested the inventory. Market confidence remained weak, and demand had not shown any significant improvement.

Market outlook

It is expected that in the near future, the price of seamless tube market will remain mainly stable with small adjustment.

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