Weekly Review of Seamless Pipe Market (12.21-12.28)

This week, the price of seamless pipe market has been running steadily, and the overall turnover of the market is not good. Up to the time of publication, Tianjin market quoted 219*6mm at 5550 yuan/ton per day, which was more stable than last week’s price; Beijing market quoted 4950 yuan/ton with the same specifications, which was more stable than last week’s price; Cangzhou market quoted 4850 yuan/ton, which was more stable than last week’s price; Taiyuan market quoted 4800 yuan yuan/ton, which was more stable than last week’s price; Baotou market quoted 4950 yuan/ton, which was 219*7mm, which was more stable than last week’s price.

Pipe factory: 28 Linyi seamless pipe mainstream price temporarily stable, now 57*3.5 Linyi (cold pipe) 4750, 108*4.5 Linyi 4450.

Raw material: Shandong hot-rolled tube billet reported stable on 28th, resources are tight, direct hair including tax in 75-130 steel plant: Luli 3850, Jiangxin 3830, Tiangang 3880.

Market: Seamless pipe market this week is mainly stable, trading performance is poor, the strong invasion of cold air will completely bring the northern market into the “cold winter”, construction site is basically zero, weak demand difficult to change. Towards the end of the month, some businessmen are facing sales and financial pressures. Most of them are secretly delivering goods. The persistent poor delivery results in a more pessimistic mentality of businessmen. It is understood that most businesses believe that demand will continue to shrink in the later period, if the price can reach the trader’s psychological price, there will be a wave of winter storage. If the psychological price falls, the winter storage plan will be discussed separately. At present, most traders feedback, seamless management of the decline in the short term is difficult to change, the business mentality is more skewed, lack of confidence in the future market. It is expected that next week seamless management of the weak shock operation of the market. This is the case.