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...
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...
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 ...
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...
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...
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...
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-...
As China’s seamless pipe market grapples with persistent oversupply and weakening seasonal demand, prices are poised for a volatile Q2. With the monsoon season threatening to derail southern demand a...
OverviewChina’s seamless pipe exports reached a record high of 5.7211 million tons in 2024, marking a 1% year-on-year (YoY) increase. Despite escalating global trade tensions and tariff uncertainties...
As the traditional "Golden March, Silver April" season fades with underwhelming demand, Northwest China’s seamless pipe market faces muted momentum heading into May. Despite modest cost sup...
Amid escalating trade friction and tariff wars, China’s steel market has seen prices fall for three consecutive weeks, with the general steel price index dropping 2.94% in April—contrary to the trad...
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