1. Price trend

According to the statistics of SunSirs, the price of seamless pipes rose slightly last week. As of the end of last week, the price of 20#, 108*4.5 seamless pipes was 4110 RMB/ton, up 0.61% from the beginning of last week and down 11.42% year-on-year.

The market price of pipe billets rose slightly last week, and the ex-factory price of spot 20# hot-rolled pipe billets was 3330-3430 RMB/ton.

At present, China and the United States have officially lowered tariffs, reducing market concerns about the foreign trade economy and improving export expectations. Coke ushered in the first round of price increases and decreases, indicating that there is still pressure on the industrial end, but the inventory of pipes remains low, alleviating the market's bearish sentiment on the fundamentals of pipes, and supported by good news from all parties, the price of pipes has upward momentum.

The in-plant inventory of seamless pipe factories is 625,400 tons, an increase of 3,300 tons from the previous week. The accumulated resources during the May Day holiday have been gradually digested, and the inventory of seamless pipe factories has increased slightly. As the agreed raw materials of some seamless pipe factories have arrived, there will be certain additional procurement plans, which will provide certain support for seamless pipes. It is expected that the price of seamless pipes will be mainly strong in the short term.

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