Seamless Steel Pipe Early Warning on January 10th

Mainstream seamless steel pipe ex-factory prices remained stable today. Judging from the current shipment situation of pipe mills, market restocking has become increasingly cautious. However, after several weeks of inventory reduction operations, some pipe mills have experienced a decrease in inventory pressure. The arrival of low-priced pipe billet resources further balances out the high-priced raw materials within the mills, and manufacturers’ monthly average profits are slowly recovering. Nevertheless, as the Spring Festival approaches, downstream enterprises have shown limited enthusiasm for procurement, mostly adopting a wait-and-see attitude. The volume of rigid demand purchases has also decreased, making it difficult to provide strong support for prices. Market confidence is lacking, and traders and downstream enterprises are cautious, with weak willingness to stock up, further inhibiting market transaction activity. Today, the black futures market exhibited an upward trend. It is expected that seamless steel pipe prices will continue to remain stable today.