SunSirs: The Seamless Tube Market Was Weak and Stable This Week (July 17-21)
July 24 2023 10:24:47 SunSirs (John)
Price trend
According to data from SunSirs, seamless tubes saw a slight decline this week. As of the weekend, the price of seamless tubes of 20#, 108*4.5 was quoted at 4,632.5 yuan/ton, a decrease of 0.43% compared to the beginning of the week and a year-on-year decrease of 13.37%.
Analysis review
This week, the national inventory was 776,500 tons, a decrease of 6,500 tons compared to last week. The operating rate of seamless pipe factories nationwide was 58.1%, a decrease of 1.62% compared to last week.
Under the dual pressure of high cost and low demand, seamless tube factories faced a dilemma, resulting in seamless tube prices mainly stable operation. The market demand continued to be weaker, and the mentality was often bearish, even in the face of losses, they dared not easily rise. High factory inventory and low social inventory indirectly reflected the market's demand for procurement to reduce risks and low inventory.
Market outlook
It is expected that the price of seamless tubes will remain weak in the near future, with stable operation being the main focus.
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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)
