Currently, China's seamless steel pipe market has slipped to the lowest since 2009, and the downbeat trend seems far from ending. The depressing Q2 is not only a sole phenomenon this year, as the Q2s from 2011 have all been witnessing sinking pipe markets, but prices could manage to rally or the downward drifting was trending to narrow down in Q3s in the past three years. Therefore it is surmised that pipe market would be more likely to gain in Q3 this year.