SunSirs: The Seamless Tube Market Experienced Slight Fluctuations This Week (May 13-17)

https://www.chemnet.com   May 22,2024 SunSirs

　　According to data from SunSirs, the price of seamless tubes fluctuated narrowly this week. As of the weekend, the price of 20# and 108 * 4.5 seamless tubes was quoted at 4,645 RMB/ton, a decrease of 0.16% from the beginning of the week and a year-on-year decrease of 2.25%.

　　Analysis review

　　In terms of raw materials, the prices of Shandong and Jiangsu tube billets had remained stable. In terms of tube manufacturers, some mainstream tube manufacturers had raised their prices. On the market side, this year's special treasury bond and interest rate reduction policies may be gradually implemented, and the market transaction may be getting better. However, the market still had a negative attitude towards the subsequent market. The pressure on the overall supply and demand side of the market was still large, and the downstream transaction situation had not significantly improved. The market traders mainly shipped at a stable price, and there was little room for the market price to rise or fall.

　　Market outlook

　　In summary, it is expected that the prices of seamless tubes in the national region will continue to fluctuate within a narrow range.

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