According to statistics from SunSirs, seamless tubes fell slightly this week. As of the weekend, the price of 20# and 108 * 4.5 seamless tubes was reported at 5,130 RMB/ton, down 0.34% from the beginning of the week and down 14.36% year-on-year.
Analysis review
This week's national inventory was 772,000 tons, down 9,700 tons from last week. The operating rate of seamless tube plants nationwide was 62.06%, unchanged from last week.
On the supply side, the supply of the tube factory may maintained a high level of demand fluctuation, and the inventory of the tube factory was expected to be further digested. The quotation of the tube factory would mostly follow the adjustment of the tube blank, while the profit maintained a low level of fluctuation. In terms of demand, market transactions hadnot significantly improved, causing panic among businesses, most of which focused on shipments at stable prices.
Market outlook
It is expected that the prices of seamless tube plants will be mainly stable and weaker.
