The selling price of seamless pipe market was slightly upward on the 5th, with general transactions. The average price of 108*4.5 seamless pipes in 33 cities is now RMB 5,060/mt, up RMB 2/mt from the previous trading day. The mainstream seamless pipe mills in the national region are offering weak and stable prices, with the ex-factory cold-drawn pipe in Linyi, Shandong Province at RMB 5,100/mt and the ex-factory hot-rolled pipe at RMB 4,600-4,650/mt. Shandong pipe mills are not very active in production, and the start-up rate remains low. Because the pipe billet offer more upward, the pipe mill offer more cautious offer, still mainly to ship. The downstream terminal demand is not good and the merchants' shipments are not good, while the epidemic affects the arrival of resources to reduce. It is expected that the near future seamless pipe market shock slightly upward possibility.
