National seamless steel pipe prices remain stable but weak

[Market Summary]
Today, national seamless steel pipe prices remain stable but weak, with some cities experiencing minor price declines. The national average price for seamless steel pipes of 108*4.5mm is reported at 4,478 yuan/ton, a decrease of 2 yuan/ton from the previous trading day. In terms of raw materials, today’s prices for pipe billets in Shandong increased by 20-50 yuan/ton, while those in Jiangsu rose by 20 yuan/ton. Prices from mainstream pipe manufacturers remained stable.

[Today’s Prices]
Today, seamless steel pipe prices across the country remained generally stable, with some cities experiencing minor price declines. Xi’an saw a decrease of 20 yuan/ton in seamless steel pipe prices, while prices in Shanghai, Chengdu, Wuhan, Guangzhou, Linyi, and Tianjin remained unchanged. The national average price for seamless steel pipes of 108*4.5mm is reported at 4,478 yuan/ton, a decrease of 2 yuan/ton from the previous trading day.

[Regional Price Differences]
In terms of regional price differences, prices in Linyi remained unchanged, while prices in Xi’an fell by 20 yuan/ton, reducing the price difference with Linyi by 20 yuan/ton. Prices in other markets remained stable, so the price difference with Linyi remained unchanged.

[Steel Mill Price Adjustments]
Today, prices for pipe billets in Shandong increased by 20-50 yuan/ton, while those in Jiangsu rose by 20 yuan/ton. Prices from some mainstream pipe manufacturers in the market remained stable.

[Tomorrow’s Forecast]
In terms of the market, black futures experienced volatile upward movement today, with some pipe manufacturers tentatively raising prices in response. However, the overall market reaction was relatively muted, with manufacturers mostly maintaining prices or accelerating sales through price reductions. Despite recent improvements in weather and the resumption of some construction projects in certain areas, funding constraints remain, and there is no significant improvement in terminal demand. Actual transactions are still dominated by low-priced resources. It is expected that national seamless steel pipe prices may undergo volatile adjustments tomorrow.