Price trend

　　According to statistics from SunSirs, on October 18, the price of seamless tube dropped slightly. The price of 20#, 108*4.5 seamless tube was 6,570 RMB/ton, down 0.27% from the previous trading day, up 28.26% from the beginning of the year, and up 50% year-on-year.

　　Analysis review

　　On the 18th, the quotations of most mainstream seamless tube factories in China were temporarily stable, and the quotations of a few tube factories fell back, and the order situation of the tube factories was not good.

　　In terms of raw materials, the prices of hot-rolled billets in Shandong and Jiangsu dropped by 40-50 RMB/ton.

　　At present, most merchants in the market are holding a wait-and-see attitude, showing a slight lack of confidence in the market outlook and poor purchasing enthusiasm. There are many cases of secretly reducing prices in the market, and the overall market transaction situation has declined to a certain extent compared with last week.

　　Market outlook

　　In summary, the price of seamless tube is expected to weaken slightly.