Tianrui seamless steel pipe in the fourth quarter of precision tube prices will give priority to with weak consolidation, analysts say, in the case of basic industry peak season failed, inventory and production rebounded to hong kong-listed further tightening supply and demand relations, market price of a rut, let tube factory pricing is given priority to with watching more."Given the current steel prices and demand are relatively low, prices fell for space is limited, late in the fourth quarter of precision tube prices will give priority to with disadvantaged consolidation."Analysts said.Iron and steel industry in September PMI index was 49.2%, sharply down from 4.2%, fell again after two months rose to 50% from below, shows the steel industry peak season demand recovery than expected.At the same time, social inventory and steel production in the near future both picks up, according to the statistics show that in the first week in October social inventory for 15.29 million tons of steel, the first sharply increased by 624000 tons;And rise in mid-september the crude steel output to 2.14 million tonnes, up 0.66% month-on-month.Precision tube prices continued Yin fell, the market demand of improvement was not seen.Experienced after July and August's rapid rise, steel price plummet into September, still no sign of rotary.The continuous increase of
seamless tube factory since July, have recently to terminate an increase in the price of the factory.Under the condition of the market demand has not good change, tube factory factory price from up to down, reflect on the fourth quarter of hong kong-listed expectations is abate, cautious about the late steel price movements.
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