Malaysian welded pipe market quiet
2015-12-16 09:02:42 [Print]
BEIJING (Asian Metal) 16 Dec 15 - Welded pipe prices witness a flat trend in Malaysia and the market runs quietly at this moment
A trader in Pahang reports to Asian Metal that his price of BS1387 Φ114.3mm*3.75mm is MYR2,250/t (USD523/t), unchanged compared with that of last week.
The source confirms a quiet welded pipe market in Malaysia at this moment. According to him, his current daily sales volume is only 70-80t against 100t during the corresponding period of last year . He tells Asian Metal the downstream construction industry hasn’t shown any signs of improving since early Q4 and the sales performance for most local traders is not satisfying . He doesn’t believe that local welded pipe market will recover in the near future.
Another trader in Selangor discloses that his price of ASTM A53 Φ114.3mm*3.75mm is MYR2,300/t (USD535/t), the same as that of last week.
The source purchases welded pipe from local importers. According to him, Chinese average export price for welded pipe has been stable at USD320/t FOB Tianjin Port in recent several weeks . Considering the firm purchasing cost, he keeps his offers unchanged temporarily . However, since the demand from end users is not strong, he is cautious about holding stocks and only has a small inventory of 3,000t against 5,000t early this year . He foresees a quiet welded pipe market in the remaining days of this year.
. Currently, mainstream price of welded pipe Φ114 . 3mm*3.75mm is MYR2,250-2,300/t (USD523-535/t) . Insiders foresee an inactive welded pipe market in Malaysia in following several weeks.
A trader in Pahang reports to Asian Metal that his price of BS1387 Φ114.3mm*3.75mm is MYR2,250/t (USD523/t), unchanged compared with that of last week.
The source confirms a quiet welded pipe market in Malaysia at this moment. According to him, his current daily sales volume is only 70-80t against 100t during the corresponding period of last year . He tells Asian Metal the downstream construction industry hasn’t shown any signs of improving since early Q4 and the sales performance for most local traders is not satisfying . He doesn’t believe that local welded pipe market will recover in the near future.
Another trader in Selangor discloses that his price of ASTM A53 Φ114.3mm*3.75mm is MYR2,300/t (USD535/t), the same as that of last week.
The source purchases welded pipe from local importers. According to him, Chinese average export price for welded pipe has been stable at USD320/t FOB Tianjin Port in recent several weeks . Considering the firm purchasing cost, he keeps his offers unchanged temporarily . However, since the demand from end users is not strong, he is cautious about holding stocks and only has a small inventory of 3,000t against 5,000t early this year . He foresees a quiet welded pipe market in the remaining days of this year.