1. Price trend

According to the statistics of SunSirs, the price of seamless tubes fell first and then rose last week. As of the weekend of last week, the price of 20#, 108*4.5 seamless tubes was 4105 RMB/ton, up 0.18% from the beginning of last week and down 11.77% year-on-year.

The market price of tube billets last week was basically flat, and the ex-factory price of spot 20# hot-rolled tube billets was 3200-3310 RMB/ton.

News: Coking coal rumors, one is the rumor of 20% foreign coal mineral resource tax (has been confirmed); the second is the rumor of suspension and reduction of production in a certain place (this is said that the Shanxi Emergency Management Department denied the reduction of production); the third is the new "Mineral Resources Law" increases costs.

The in-plant inventory of seamless tubes factories is 625,600 tons, an increase of 2,100 tons from the previous week. In general, the in-plant raw material inventory has decreased slightly and the finished pipe inventory has increased slightly. The disturbance caused by the rumors on coking coal in the market stimulated a rapid rebound in coking coal, which boosted the entire black futures market and caused the market to continue to fall in recent days.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.