Nationwide Seamless Steel Pipe Prices Experience Slight Increase

[Market Summary]
Today, seamless steel pipe prices across the country witnessed a slight increase, with the national average price rising by RMB 5 per tonne compared to the previous trading day. In terms of raw materials, the prices of pipe blanks nationwide fluctuated and showed a weakening trend today. Specifically, pipe blank prices in Shandong fell by RMB 20-40 per tonne, while some pipe blank prices in Jiangsu declined by RMB 10 per tonne. Mainstream seamless steel pipe manufacturers largely maintained stable prices, with some manufacturers increasing prices by RMB 50 per tonne. As the year-end approaches, there has been an increase in maintenance and repairs at pipe factories, leading to a notable willingness to maintain prices and continue destocking.

[Today’s Prices]
Today, seamless steel pipe prices in major cities nationwide exhibited a trend of volatility with a slight upward bias. The national average price for seamless steel pipes of 108*4.5mm was RMB 4,446 per tonne, up by RMB 5 per tonne compared to the previous trading day.

[Regional Price Differences]
Regarding price differences today: The price gaps between Tianjin, Wuhan, Xi’an, Chengdu markets, and the Linyi market remained unchanged. The price gaps between Shanghai, Guangzhou markets, and the Linyi market widened by RMB 20 per tonne.

[Steel Mill Price Adjustments]
Today, hot-rolled pipe blank prices in Shandong fell by RMB 20-40 per tonne, while some pipe blank prices in Jiangsu declined by RMB 10 per tonne. In terms of pipe factories, mainstream seamless steel pipe manufacturers largely maintained stable quotes today, with some factories increasing prices by RMB 50 per tonne.

[Tomorrow’s Forecast]
On the market front, black metal futures experienced volatility with a weakening trend today, and market sentiment was generally subdued. The price support for seamless steel pipe raw materials weakened. As the end of the year approaches, there has been an increase in shutdowns and maintenance at steel mills, with most focusing on shipment and payment collections. Winter stockpiling policies by pipe factories are being introduced successively. Traders are cautiously observing the situation, and the overall willingness for winter stockpiling nationwide is not strong. Downstream industries have gradually begun their holidays, highlighting the off-season effects, with continuous declines in terminal demand in the market and a weaker trading atmosphere. In summary, it is expected that seamless steel pipe prices nationwide will remain stable tomorrow.