1. Market: At present, the local seamless pipe market price is low, the shipment is still weak, the demand support is weak, and the market atmosphere is not good;Periphery market turnover is generally dismal, Xi ‘an, Jinan, Baotou, Shenyang, Hangzhou, Nanjing, Cangzhou, Wuxi, Harbin and other places prices are mainly by a small decline or weakness.In the context of poor environment, the late Tianjin seamless tube market may be difficult to buck the trend of the rebound, or will be stable in the weak.
2. On the macro front, the Caixin China Manufacturing Purchasing Managers’ Index (PMI) in June 2021 was 51.3%, down 0.7 percentage points month-on-month and the lowest in three months, according to data jointly released by Caixin Media and Markit, indicating that the growth momentum of China’s manufacturing sector weakened in June due to repeated epidemic and supply chain disruptions.Despite the adverse impact of the epidemic at home and abroad on the economy, the overall manufacturing sector is still expanding steadily, market supply and demand remain stable, and the employment market continues to improve. The economic recovery in the post-epidemic era is still gaining momentum.Inflationary pressures have eased somewhat, but both purchasing and factory prices are still rising in the manufacturing sector, and shortages of raw materials still exist in some areas.In the second half of the year, as the low base effect continues to weaken, the combination of economic downturn and inflationary pressure remains a severe challenge.In general, the current market bad news still hold the upper hand, it is expected that the late Tianjin seamless tube market will be stable in the weak.