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SunSirs: The Price of Upstream Billet Is Firm and The Price of Seamless Pipe Is Stable
September 12 2019 10:20:16SunSirs(John)

1.  the price trend

According to statistics from SunSirs, on September 11, 20# seamless pipe quoted 4696 RMB/ton, which was unchanged from the previous trading day, up 5.53% from the beginning of the year and down 10.12% from the same period last year.

  1. Analysis review

The price of upstream tube billet is firm, of which Luli hot rolling 3750 RMB/ton, Jiangxin 3750 RMB/ton, Tiangang 3770 RMB/ton and Changzhou Dongfang 3940 RMB/ton. For the pipe factory, Linyi main pipe factory quoted 4480-4550 RMB/ton for general rolling and 4660 RMB/ton for continuous rolling. On the market side, downstream demand has not improved significantly, coupled with the Mid-Autumn Festival is coming, the demand is not high. The goods will be mainly on demand.

  1. Market outlook

Seamless pipe analysts from SunSirs believe that demand is limited, but due to the relatively strong price of tube billet, it is expected that seamless tube will remain strong in the short term. 

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