Price trend

According to SunSirs data, seamless tube prices remained stable last week. As of the weekend, the price of 20#, 108*4.5 seamless tube was 4,098 RMB/ton, down 0.15% from the beginning of the week and down 6.22% year-on-year.

Analysis review

The market price of tube billets was basically stable last week. The ex-factory price of 20# hot rolled tube billets was 3,250-3,340 RMB/ton.

Following the conclusion of a major conference, positive expectations had revived market sentiment. Coupled with strong performance from coke and coke raw materials, price support had strengthened, leading to increased downstream purchases. While the rally in coke and coke futures had boosted some market sentiment, the weak supply and demand landscape remained unchanged, with tube mills showing little appetite for restocking. In the short term, the market remained mired in a volatile cycle of neither upward movement nor downward movement.

Market outlook

Overall, there had been no substantial positive news on the demand side, and the market was more driven by emotions rather than improvements in fundamentals. The reality was facing the problem of "weak demand and strong production". Tube factory profits continued to be under pressure, but there was a strong willingness to maintain prices. Policy expectations provided short-term support for the market, but supply and demand contradictions restricted the rebound height. Before substantial positive news appears, the price of seamless tubes will be stable with adjustments in the short term.

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