From the current situation of the seamless pipe spot market in Xuzhou area, the market performance is still lackluster for the supply of 304 stainless steel wire. Moreover, due to some merchants thinking that the market environment is not good, they postponed their return to the market after the New Year holiday, making the market performance quite inactive for a few days after the festival. Even the number of inquiry calls has dropped significantly compared to before the holiday. Regarding the future trend of the market, because the new resources arriving before the holiday were quite limited, and everyone remains pessimistic about the short-term post-holiday market, most people's judgment on the future market trend is still neutral. There will not be any significant adjustments in the market before the holiday.
Xuzhou news: At today's opening, the spot market for seamless pipes in Xuzhou continued to remain unchanged at pre-holiday levels, with market transactions continuing to show sluggishness. As of this writing, the Shandong-produced 57*3.5 is quoted at 5250 yuan/ton for Q345b seamless steel pipe, 108*4.5 at 5050 yuan/ton, 219*6 at 5500 yuan/ton, and 325*8 at 5950 yuan/ton.