In terms of raw materials and pipe factories, the price of pipe blanks has fallen, and the price of raw materials has continued to decline. The quotations of pipe factories have temporarily stabilized, the effect of destocking is not good, and the orders of pipe factories are average. In terms of the market, still affected by negative macro information from abroad, domestic panic continues to ferment.

　　In addition, the price of black futures has continued to fall recently, and the transaction of seamless tubes has also been mediocre. Shipments are the main focus, and expectations for the market outlook are generally low. It is expected that the price of seamless tubes will remain weak and stable.