Seamless steel pipe trend on January 23, 2026

Hit：102026-01-23 16:50:53　

Seamless steel pipe trend on January 23, 2026
Market Trend Analysis
On the demand side: As the Spring Festival holiday approaches, downstream purchasing intentions are low, and there is a strong wait-and-see sentiment.
Inventory side: Social inventory continues to accumulate, and supply pressure is evident.
Cost side: Raw material prices (such as steel billets) fluctuate, providing limited support for pipe prices.
Macroscopically, the market's expectations for infrastructure and manufacturing demand in the first quarter of 2026 are somewhat cautious.
On January 23, 2026, the seamless steel pipe market was generally weak, with prices continuing the previous downward trend, mainly affected by weak demand and inventory pressure.
Daily price trend
Shanghai market: The mainstream specifications (such as Φ 108 * 4.5mm) are priced at around 4200-4300 yuan/ton, slightly lower than the previous trading day.
Chengdu market: Prices are also under pressure, with mainstream specifications quoted at around 4150-4250 yuan/ton.
Liuzhou market: Prices are similar to those in Shanghai, with mainstream specifications ranging from 4200-4300 yuan/ton.
Harbin market: Prices are similar to those in Shanghai, with mainstream specifications ranging from 4200-4300 yuan/ton.
On January 23, 2026, the seamless steel pipe market was generally weak, with prices continuing the previous downward trend, mainly affected by weak demand and inventory pressure.