SunSirs: The Seamless Tube Market Was Mainly Stable Last Week (September 8-12)
September 15 2025 14:00:23 SunSirs (John)
Price trend
According to SunSirs data, seamless tube prices remained flat last week. By the end of the week, the price of 20#, 108*4.5 seamless tube was 4,097.5 RMB/ton, unchanged from the beginning of the week and down 0.97% year-on-year.
Analysis review
The market price of tube billets remained unchanged last week. The ex-factory price of 20# hot rolled tube billets was 3,300-3,790 RMB/ton.
As of September 12, the demand had not recovered significantly, and price cuts cannot bring more profits. The transaction volume had not seen improvement. The overall support was still basically based on just-in-time purchases. In addition, the rainy weather had affected the overall transaction volume. In general, the actual demand support capacity in East China was insufficient, and the peak season demand expectations had not yet been met. Most market merchants were taking a cautious wait-and-see attitude, and the inventory of tube factories had increased.
Market outlook
As of September 12, the inventory of seamless tube finished products was still in the accumulation channel, the contradiction between supply and demand had not been resolved, and the actual demand had not shown a significant recovery. The market had returned to fundamentals, the market lacked upward driving force, the rebound was weak, and the downward space was also limited. It is expected that the price of seamless tubes will remain stable.
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