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The Seamless Tube Market Experienced Narrow Fluctuations This Week (May 6-10)

2024-05-13

Latest company news about The Seamless Tube Market Experienced Narrow Fluctuations This Week (May 6-10)

Price trend

According to data from SunSirs, the price of seamless tubes fluctuated narrowly this week. As of the weekend, the price of seamless tubes for 20 # and 108 * 4.5 was quoted at 4,650 RMB/ton, an increase of 0.05% from the beginning of the week and a year-on-year decrease of 2.16%.

Analysis review

In terms of raw materials, the prices of Shandong hot-rolled tube billets and Jiangsu tube billets have slightly decreased. In terms of tube factories, mainstream seamless tube factories have remained stable today.

In terms of the market, black futures have been weakly volatile, with raw material prices falling but still at high levels. After the holiday, the overall market transactions have slightly improved, but most businesses believe that prices are easy to rise but difficult to fall. However, the current speed of demand recovery is slower than expected, and the overall focus is on stable price shipments. With the gradual implementation of trillions of treasury bond projects, the number of inquiries for bidding projects has increased. Due to the bleak transaction in the market in the peak season, the market is now cautious about market fluctuations and has a weak willingness to follow up.

Market outlook

Overall, it is expected that the price of seamless tubes nationwide will mainly fluctuate within a narrow range.

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