SunSirs: The Seamless Tube Market Experienced a Slight Decline This Week (December 30, 2024- January 3, 2025)
January 06 2025 14:59:13 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 4,202.5 RMB/ton, a decrease of 0.12% from the beginning of the week and a year-on-year decrease of 8.74%.
Analysis review
This week, the price of raw material billets remained weak and stable. As of January 3rd, the factory price of 20 # hot-rolled billets was 3,540-3,800 RMB/ton, and the factory price of 20 # continuous casting billets was 3,410-3,650 RMB/ton.
Market outlook
Since the beginning of this week, the market has continued to weaken, with mainstream tube factories in Shandong continuously reducing their shipments, and downstream market merchants also showing weak shipments, leading to an overall cautious attitude. In the context of the continuous decline in upstream tube billet prices, manufacturers have shown some weakness in raising prices. However, the profit of the tube factory was near the breakeven line, and the pressure on the factory warehouse has decreased. Although downstream demand was weak, it still has resilience. It is expected that the short-term seamless tube price will mainly operate weakly and steadily.
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