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The seamless pipe market this week has been characterized by diverging price trends in northern and southern regions, with overall cost-side support remaining weak. For international buyers, the persistent inventory pressure at mills and the seasonal sluggishness in demand suggest that the short-term market environment is favorable for cost-conscious procurement.
Price Trends and Cost Dynamics According to Mysteel research, as of July 10, the national average price for 108*4.5mm seamless pipes across 28 major cities was 4,296 RMB/ton, marking a week-on-week decrease of 7 RMB/ton. Nationally, pipe billet prices showed a slight downward trend, with price differentials between northern and southern regions narrowing by 20 RMB/ton to 160 RMB/ton.
Mill Adjustments and Regional Analysis Following the softening of raw material costs, mainstream seamless pipe mills have adjusted factory-gate prices downward by 20-50 RMB/ton. In East China, major cities like Nanjing and Hangzhou saw price declines of 20 RMB/ton and 30 RMB/ton respectively, while Shanghai prices remained stable. Market demand is currently exhibiting typical off-season characteristics, with high temperatures and rain limiting construction, leading to cautious market sentiment.
Inventory and Supply Dynamics National social inventory of seamless pipes among 123 sampled traders reached 713,900 tons, an increase of 6,000 tons week-on-week. Factory-side inventories at 30 sampled enterprises have risen to 823,400 tons, a week-on-week increase of 19,100 tons and a monthly increase of 50,200 tons. Production data shows an output of 395,600 tons, a slight week-on-week increase of 1,400 tons.
Market Forecast for International Buyers With production output showing slight growth and factory inventories continuing to accumulate, the supply-side pressure remains high. Coupled with the traditional off-season—exacerbated by high temperatures and rainy weather—downstream demand is unlikely to see a significant recovery in the short term. We recommend that international clients adopt a "just-in-time" procurement strategy to capitalize on the current price dip while maintaining close observation of future market trends.
The market period of July 3 – July 10 reflects a seasonal adjustment, providing a favorable window for cost-conscious procurement. By leveraging current price trends and our stable supply chain, you can ensure your project’s material requirements are met with precision and value. HXH Steel remains dedicated to providing expert support and high-quality [seamless steel pipes] for your global projects.
