SunSirs: The Seamless Tubes Market Saw a Slight Increase Last Week

I. Price Trends

According to SunSirs data, seamless tube prices rose modestly last week. By the end of last week, the price of 20# seamless tube (108*4.5) stood at 4,105.5 RMB/ton, up 0.24% from the beginning of the week but down 2.15% year-on-year.

Last week, billet prices saw minor declines in some segments. Spot 20# hot-rolled billet ex-factory quotes ranged from 3,300 to 3,370 RMB/ton.

The grand military parade on September 3 concluded successfully. Tube mills previously constrained by environmental regulations are gradually preparing to resume production. This shift is expected to increase supply pressure in the market, potentially exerting downward pressure on seamless tube prices.

Current spot market quotations remain largely stable, with transactions still dominated by lower-priced offers. Market sentiment shows signs of improvement, though downstream buyers remain reluctant to accept higher-priced resources. Demand in early September fell short of expectations, with downstream procurement primarily driven by immediate needs.

Overall, raw material support has weakened. Expectations of production resumption and sluggish demand are limiting the scope for price rebounds. Seamless tube prices are expected to continue narrow-range adjustments in the near term.

As an integrated internet platform providing benchmark prices, on September 9, the benchmark price of seamless tubes from SunSirs was 4,097.50 RMB/ton, down 0.12% from the beginning of this month (4,102.50 RMB/ton).

Application of SunSirs Benchmark Pricing：

Traders can price spot and contract transactions based on the pricing principle of agreed markup and pricing formula (Transaction price=SunSirs price + Markup).

If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.