In 2025, the price of stainless steel seamless pipes is affected by multiple factors such as the macroeconomy, supply and demand relationship, and raw material costs. It shows a trend of "stagnation and adjustment in the first half of the year, and upward expectation in the second half of the year". The market operates under the game of strong expectations and weak reality, and the price fluctuations are mainly driven by capital sentiment, cost transmission, and regional supply and demand differences.

Price trend in the first half of 2025

In the first half of the year, the prices of seamless stainless steel pipes showed regional differentiation characteristics. Market prices fluctuated significantly due to the raw material sector and the futures market:

Wuxi Market: On March 6th, the mainstream transaction prices for 304 Φ1084 were 16,300 - 17,800 yuan/ton, and for 316L Φ1084 were 26,900 - 32,700 yuan/ton. The transaction atmosphere gradually improved as the futures prices strengthened. Large orders and sporadic deliveries coexisted.

Wenzhou Market: On March 6th, the prices slightly dropped. 304 Φ1084 fell to 15,900 - 17,000 yuan/ton (a decrease of 200 yuan/ton compared to the previous month), and 316L Φ1084 dropped to 27,000 - 30,300 yuan/ton (a decrease of 100 yuan/ton). This was mainly influenced by the price reduction of Changsheng round steel. After the price drop, the transaction volume of 304 resources increased.

Short-term fluctuations in July: Due to the price adjustment of Changsheng's 304 round steel (quoted at 14,600 yuan/ton in July), Wenzhou Lirong's 304 Φ108*4 price was adjusted to 17,500 yuan/ton, and Wuxi Xinbming's same specification quoted at 17,600 yuan/ton. The inquiry volume in the market increased along with the price adjustment.