Today, the price of seamless steel tubes has risen again, but the rate of increase has slowed. Futures prices have seen some gains, and there are rumors in the market that the "export and import tax rebate" will be announced soon. Despite the speculative sentiment, the short-term market is unlikely to see a sharp drop in prices for seamless steel tubes, as the current reduction in production due to environmental protection measures is significant, and the capacity for high-output at steel mills is relatively limited.
Most steel industries have increased by 10-90%.
Based on incomplete statistical analysis from steel companies, among the 30 steel companies today, 26 have increased their price by 10 yuan/ton to 90 yuan/ton. The increase is attributed to Yuhua Decorative Building Materials in Jiangsu Province. Due to slightly stronger prices at the raw materials end, coking companies have collectively raised prices, and steel mills are continuously replenishing their finances.
Suffering from the impact of macroeconomic policy hotspots, dark-color futures trading saw a sharp decline. Seamless steel tube futures prices remained high, with average market trading volumes. Trading companies exercise caution in picking up goods, and downstream terminal equipment buyers are also careful with their inventory purchases. The current steel market requires a peak period, with weekly inventory levels continuously decreasing. The pressure on market inventory is manageable. Moreover, with high resource costs for late-stage enterprises and large sales volumes from steel mills, there's a strong intention to maintain prices, but hesitation is evident.
Futures prices are falling, and it's the peak consumption period of "Golden March and Silver April." Midstream and downstream terminal equipment demands are continuously released. However, most terminal equipment customers with high asset liquidity issues are driving the price up. The midstream and downstream market's acceptance of high prices is limited, retailers are slow in delivery, and inventory pressure is increasing. It is estimated that the seamless steel tube market may stabilize and rise slightly tomorrow.
Overall, seamless steel tube prices continue their upward trend, with futures steel closing higher today, and spot transactions experiencing some gains. Today's market purchasing initiative weakened, with a slight increase in hesitation. Retailers' price adjustments are relatively limited. Regarding the post-event impact of the "export and import tax refund" and the market's hot topic sentiment, it is predicted that seamless steel tube prices will stabilize and slightly increase tomorrow.
