SunSirs: The Seamless Tube Market Was Stable and Weak This Week (May 9-13)
May 16 2022 14:22:46 SunSirs (John)Price trend
According to the statistics of SunSirs, the seamless tube fell slightly this week. The price of the 20#, 108*4.5 seamless tube on the weekend was 6,262.5 RMB/ton, down 0.48% from the 6,292.5 RMB/ton at the beginning of the week, and down 8.98% year-on-year.
Analysis review
This week, the market price of seamless tubes remained weak and stable. The billet price fell slightly, and after the pipe factories lowered their ex-factory prices one after another, some areas of the market followed suit. However, most of them did not keep up with the amplitude adjustment of the pipe factory, and the futures disk turned for the better.
The mainstream seamless tube market in Southwest China, North China and East China saw a heavier volume than the previous day. With the full resumption of operation of closed toll stations and service areas, the situation of the hindered logistics of goods has improved rapidly.
Market outlook
It is expected that the domestic seamless tube market will remain stable mainly.
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