SunSirs: The Seamless Tube Market Experienced a Slight Decline This Week (February 19-23)
February 27 2024 14:16:29 SunSirs (John)
Price trend
According to data from SunSirs, the price of seamless tubes had slightly decreased this week. As of the weekend, the price of 20#, 108 * 4.5 seamless tubes was quoted at 4,790 RMB/ton, a decrease of 0.1% from the beginning of the week and a year-on-year decrease of 3.33%.
Analysis review
This week, the price of seamless tubes had remained stable with minor adjustments. After the opening of the market after the holiday, the market sentiment showed a trend of first rising and then falling, and prices were operating in a narrow range of fluctuations as of February 23rd. Although there were vehicles for shipment in the market, most of them were pre holiday orders, and there were few new orders received after the holiday. In terms of raw materials, the prices of raw materials had slightly increased. Recently, many parts of the country had experienced cooling, rainy and snowy weather, and with the market gradually returning to work, downstream demand was still gradually recovering. The overall market was mainly wait-and-see.
Market outlook
After the 15th day of the first lunar month, as downstream construction gradually begins, it is expected that the price of seamless tubes may be slightly higher.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
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