SunSirs: The Seamless Tube Market Saw a Narrow Rise This Week (June 5-9)
June 12 2023 14:17:36 SunSirs (John)
Price trend
According to data from SunSirs, the seamless tubes was mainly fluctuating in a narrow rang this week. As of the weekend of 20#, the price of 108 * 4.5 seamless tubes was quoted at 4,612.5 RMB/ton, an increase of 0.49% compared to the beginning of the week and a year-on-year decrease of 24.94%.
Analysis review
This week's national inventory was 805,000 tons, which decreased by 14,500 tons compared to last week. The operating rate of seamless tube factories nationwide was 60.8%, an increase of 1.95% compared to last week.
There was no significant stimulus in economic policy this week, and market sentiment was largely driven by the impact of futures trading, with average trading performance in seamless management areas. The market situation had been weak for a long time, and the price increase exceeded market expectations. Traders were cautious and most were still in a wait-and-see period. The raw material end was on the rise, and tube factories were gradually resuming production. Profits continued to rebound, indicating a certain willingness to support prices.
Market outlook
It is expected that seamless tubes will continue to be stable with minor adjustments.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
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- 2024-04-15 SunSirs: The Seamless Tube Market Experienced Narrow Fluctuations This Week (April 8-12)
- 2024-04-02 SunSirs: Seamless Tube Prices Fell Weakly in March
- 2024-03-26 SunSirs: This Week, the Seamless Tube Market First Fell and Then Rose (March 18-22)
