China's seamless tube price may fluctuate and strengthen in February

China's seamless tube price may fluctuate and strengthen in February

In January, the average price of seamless tube rose slightly, and the market price of seamless tube showed a fluctuating upward trend. In January, the price of raw materials continued to rise, the price of seamless tube factory followed up slightly, and the theoretical profit of seamless tube factory fell slightly, but still remained profitable. The seamless pipe plant accelerated the resumption of production to replenish inventory, and the output rose significantly compared with that in December. Since the middle of January, businesses have begun to enter the winter storage and stock link, but although businesses are bullish on the market after the year, they dare not replenish a large number of goods, and most customers in the market remain optimistic and cautious. At the same time, seamless tube turnover also fell to the pre Festival freezing point, the market began to prepare for the Spring Festival holiday.

According to the situation of production stoppage during the Spring Festival, the production stoppage of seamless tube plant is mostly from February 3 to February 7, and the resumption time is mainly from February 18 to 25. However, the overall inventory of seamless pipe plant is lower than that of the same period last year, so the supply side will maintain a relatively stable state in February.

In terms of market, most market traders are bullish on the post festival market, but they are more cautious in operation. As the Spring Festival approaches, the transaction rate in February continues to decline. To sum up, due to the cost promotion and the overall good market mentality, it is expected that the price of seamless tube will get off to a good start after the festival, and the price of seamless tube will fluctuate and strengthen in February.

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