Price trend

　　According to statistics from SunSirs, the seamless tube market fluctuated within a narrow range this week. On weekend, the price of 20#, 108*4.5 seamless tube was reported at 6212.5 RMB/ton, down 0.2% from the 6225 RMB/ton at the beginning of the week, up 21.28% from the beginning of the year, and up 39.73% year-on-year.

　　Analysis review

　　The price of raw tube billet

　　The price of tube billet has risen and fallen this week. As of the 13th, the ex-factory price of Luli 20# hot-rolled tube billetφ40-140mm was 5,380 RMB/ton, the ex-factory price of Weigang 20# hot-rolled tube was 5,450 RMB/ton, and the ex-factory price of 20# continuous casting was 5,370 RMB/ton. The prices were revised down by 150 RMB/ton in mid-August. The ex-factory price of Linyi Jiangxin tube billet was 5,400 RMB/ton for 20#φ50-70 hot-rolled tube billet, 5,350 RMB/ton forφ70-130 hot-rolled tube billet, and 5,250 RMB/ton for continuous casting tube billet.

　　The price of seamless tubes in pipe factories was mainly stable

　　The price of seamless tubes from the pipe factory was mainly stable, The ex-factory price of Shandong Panjin 57-60*3.5 was 6,300 RMB/ton, the ex-factory price of 95-108*4.5 was 6,040 RMB/ton. The ex-factory price of Shandong Jinbaocheng hot-rolled seamless tube was 5,900 RMB/ton.

　　Market outlook

　　To sum up, the current market is in a stage where both supply and demand are weak, and there is a strong sense for downstream buying falling and not buying rising. Although the production restriction policy is still hyped and the supply is indeed insufficient, it is difficult to drive terminal purchase enthusiasm. The market price of seamless tubes is expected to remain stable.