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The price range of seamless pipes in China fluctuated in March

The price range of seamless pipes in China fluctuated in March
Mar 07, 2024 page view:193

4 (63)

1. Some regions have a strong willingness to raise prices for coke and steel mills
After two consecutive rounds of decline in coke prices after the holiday, steel mills have slightly recovered their profits from tube billets. However, the news of reduced coke production has led to some regions increasing their expectations for coke. Steel mills have turned their market expectations for March from sad to positive, and as futures rebounded, they took advantage of the opportunity to explore prices in a narrow range, with relatively strong orders. Coupled with favorable policy expectations in March, it is expected that there will be an opportunity for tube billet prices to rise in March.

2. Lack of confidence among merchants, but resistance to price decline in seamless pipes
The seamless tube factory warehouse resources are accelerating the transfer to social warehouses. However, the downstream market resource circulation performance is not good, and merchants generally feedback that demand has significantly decreased compared to last year. However, the pipe factory is still in a slight loss state, so the prices of seamless pipes newly added to the merchant's warehouse are generally higher than before the holiday. Therefore, although the demand is not ideal, merchants still have a certain willingness to raise prices.

In summary, the support for the future cost of seamless pipes from the raw material end is strengthening, while market demand is weak. Under the game between the two, it is expected that the price range of seamless pipes in China will fluctuate in March.

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