The market is stable as the Spring Festival approaches, and seamless pipe prices across the country may continue to run stably.

[ Market conditions ]

The price of seamless pipes increased slightly in major cities across the country, with the national average price of 108*4.5mm seamless pipes reported at 4,890 yuan/ton. In terms of raw materials, the prices of pipe blanks in Shandong and Jiangsu are temporarily stable today. In terms of pipe factories, the quotations of mainstream pipe factories have not changed today. Important market data has been released, but the overall financial market reaction is poor, the market is green, and the sentiment is weak. As the Spring Festival approaches, new construction starts in the downstream have been affected, and the overall market transactions are mediocre; pipe factories are generally less active in production, and pipe factory prices have risen slightly. Many traders have put resources into storage for winter, and the market quotation is relatively stable. To sum up, it is expected that the national Seamless Pipe price may continue to run stably today.

[ Sankei News ]

The National Bureau of Statistics stated that the effects of policies such as additional issuance of government bonds, tax cuts, and interest rate cuts introduced in 2023 will continue to be released this year. This year, some new measures will be reserved and optimized. These new incremental measures and existing policies will be combined to ensure the stable operation of the economy. At present, my country's government debt level and inflation rate are both low, and policies are constantly being enriched. Fiscal, monetary and other policies have relatively large room for maneuver, and there are conditions and space for intensifying the implementation of macro policies.

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