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Market OverviewThe first half of 2025 presented significant challenges for China's seamless pipe market, with prices declining 194 RMB/t (4.37%) from January levels. Producer margins compressed dr...
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Market OverviewJuly witnessed a sustained rally in Chinese steel prices, with Shanghai Φ20 rebar soaring from 3,150 to 3,440 RMB/ton. Seamless pipe prices followed this upward trend with a lag, drive...
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H1 Pressures Meet H2 Opportunities in Critical Market ShiftH1 Performance: Resilience Under FireNational average prices settled at ¥4,246/ton by June - a ¥194/ton drop since January, yet outperformi...
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Overview This week ignited a rare price rally: National seamless pipe average rose 17 yuan/ton as mills pushed up offers! While speculative buying lifted spirits, terminal demand remained weak. With i...
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Overview This week saw divided seamless pipe prices across major markets with mixed factory adjustments. Suppliers prioritized destocking as trader restocking remained cautious. Although rising costs ...
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Overview As 2025 approaches its midpoint, Central China's seamless pipe market has seen persistent price declines amid broader steel sector weakness. Construction delays and reduced downstream ope...
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Overview As China transitions from Grain in Ear to Autumn Commences, temperatures soar nationwide with increased rainfall. Southern regions enter the plum rain season while northern areas harvest whea...
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Overview: May marked the transition from peak season to off-season. Post-holiday demand briefly increased after May Day but weakened significantly in mid-to-late May as market activity declined. Mills...
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I. Macro Updates1. Domestic DevelopmentsDeposit Rate Cuts:Major Chinese banks, including Bank of China, ICBC, and China Construction Bank, announced reductions in RMB deposit rates on May 20–21. One-...
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