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Market Watch: Seamless Steel Pipe Prices Set to Consolidate Next Week - Merchants Hold Their Breath! (Jun 27-Jul 4)

Market Watch: Seamless Steel Pipe Prices Set to Consolidate Next Week - Merchants Hold Their Breath! (Jun 27-Jul 4)

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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 may push some mills to hike prices, unresolved supply-demand tensions point to consolidation dominating next week's market - a critical juncture for procurement strategies!

    1. Weekly Review ▶ Price Movements

    • Nationwide Average: ¥4,247/ton (108*4.5mm), up ¥1/t WoW

    • Raw Materials: Shandong billets ↑¥10/t; Jiangsu stable

    • Mill Adjustments: Selective price tweaks (¥20-70/t) among 34 sampled mills

    ▶ Profit Surge Alert!

    • Shandong processors: Losses narrow to ¥-20/t (↑¥30/t WoW)

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    ▶ East China Spotlight Shanghai/Nanjing/Hangzhou: Prices range ¥4,130-4,220/t. Summer slowdown bites! Scorching heat and muted demand offset steel price rallies. Forecast: Stability prevails.

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    2. Next Week Forecast ▶ Inventory Secrets

    • Social stocks: 687.9k tons (↓1k tons) - Early-week sales boom!

    • Mill stocks: 717k tons (↓5.6k tons) - First drop in weeks!

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    ▶ Supply Crunch Coming?

    • Output: 370.3k tons (↓2.6k tons)

    • Capacity use: 80.47% (↓0.56%) Key Insight: Maintenance shutdowns may tighten supply further!

    ▶ Game-Changing Prediction Cost support vs weak demand = Price stalemate ahead. Traders must liquidate stocks despite fleeting transaction boosts.


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