SunSirs: The Seamless Tube Market Weakly Declined This week (April 17-21)
April 24 2023 10:03:31 SunSis (John)
Price trend
According to data from SunSirs, seamless tubes saw a slight decline this week. As of the weekend of 20#, the price quotation for 108 * 4.5 seamless tubes was 4,992.5 RMB/ton, a decrease of 0.4% compared to the beginning of the week and a year-on-year decrease of 20.31%.
Analysis review
This week, the national inventory was 835,000 tons, an increase of 15,000 tons compared to last week. The operating rate of seamless tube factories nationwide was 60.85%, a decrease of 0.08% compared to last week.
The country continued to strengthen the analysis and analysis of the iron ore price situation and the supervision of the spot market. Raw material prices had rebounded, and downstream construction had rebounded. However, due to the "buy up not buy down" sentiment, the procurement pace was slow, and the demand side performance had not improved. The pressure on the factory for shipment was high, and the inventory of the factory continued to rise. To alleviate pressure, prices had quietly dropped.
Market outlook
The willingness to replenish stocks before May Day is low, and it is expected that the price of seamless tube market will remain weak and stable in the near future.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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