SunSirs: The Seamless Tube Market Experienced Narrow Fluctuations This Week (April 8-12)
April 15 2024 15:35:25 SunSirs (John)
Price trend
According to data from SunSirs, the price of seamless tubes rose first and then fell this week. As of the weekend, the price of seamless tubes for 20# and 108 * 4.5 was quoted at 4,675 RMB/ton, a decrease of 0.05% from the beginning of the week and a year-on-year decrease of 7.01%.
Analysis review
Recently, black series futures had fluctuated and adjusted, with a slight increase in tube blank prices. Some tube factories had subsequently raised prices, restoring market confidence. Some provinces had released major projects for the second quarter, but the demand for seamless tubes had not received a significant boost yet. The recovery speed of downstream demand was average, and traders were still watching, mostly focusing on accelerating circulation speed and small profits but high sales.
Market outlook
Overall, it is expected that the prices of seamless tubes nationwide will be consolidated.
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