SunSir: The Seamless Tube Market Was Mainly Stable with Minor Adjustment This Week (July 3-7)
July 10 2023 09:30:23 SunSirs (John)
Price trend
According to data from SunSirs, seamless tubes maintained a stable with minor adjustment trend this week. As of the weekend of 20 #, the price of 108 * 4.5 seamless tubes was reported at 4,620 RMB/ton, a decrease of 0.11% compared to the beginning of the week and a year-on-year decrease of 20.38%.
Analysis review
From June to July, the northern region experienced high temperatures and rainy weather, entering the traditional off-season. Under the stimulus of macroeconomic policies, market expectations improved and mentality strengthened in June. However, most merchants stated that there was a price but no market, and market sales were not ideal. Especially traders, who secretly shipped more goods at a discount, and in most cases, raw materials rose, but they did not; the tube factories kept up with the increase, but the shipment was cold and scarce; Downstream merchants were more mainly wait-and-see and cautious in procurement.
Market outlook
It is expected that the price of seamless tubes will remain mainly stable with slight adjustment in the short term.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
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