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Weak operation of seamless pipe market last week

June 30, 2022

Latest company news about Weak operation of seamless pipe market last week

1、 Price trend

According to the statistics of SunSirs, seamless pipe fell slightly Last week. At the weekend 20#, the price of 108 * 4.5 seamless pipe was reported at 6217.5 RMB/ton, down 0.6% from 6255 RMB/ton at the beginning of the week and 9.3% year-on-year.

Tube blank price

Last week, the upstream and downstream demand of seamless pipes showed a weak market, resulting in a slight decline in spot prices. At the beginning of the week, the national development and Reform Commission stressed the importance of ensuring supply and stabilizing prices and eliminating malicious real estate speculation, which made the futures market downward, but the adjustment range was limited. At the same time, the housing provident fund administrations in Beijing, Wuhan, Anyang and other regions have successively issued policies to reduce the down payment ratio of personal loans and increase the loan amount to stimulate the activity of the local real estate market, indirectly releasing good news for the medium and long-term development of the steel market.

Since last week, the seamless spot market has been affected by the short-term bearish sentiment, the overall transaction is weak, and the market is generally upside down. In addition, the good and bad news in the past two days coexist, and the overall wait-and-see mood of the seamless market is strong. Under the psychology of "buying up but not buying down", the transaction in seamless tube market is weak, and the current bearish sentiment occupies a dominant low position. It is expected that the domestic seamless pipe market is still dominated by weak and stable operation.

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