Welded pipe price rises in China
2016-11-08 08:51:55 [Print]
BEIJING (Asian Metal) 8 Nov 16 - Boosted by prices soar of raw materials, prices for welded pipe in China increased further on Monday after a total mark-up of over RMB100/t (USD15/t) last week. Taking Q235 Ф114*3.75mm as an example, in Tianjin, Shanghai and Guangzhou, prices are RMB2,970/t (USD438/t), RMB3,200/t (USD472/t) and RMB3,250/t (USD479/t) VAT included respectively, up by RMB50/t (USD7.5/t), RMB40/t (USD6/t) and RMB50/t (USD7.5/t) compared with last Friday. Insiders foresee a further price rise in following two or three days.
A trader in Tianjin revealed that the price of Q235 Ф114*3.75mm from Youfa Steel is RMB2,970/t (USD4138/t), up by RMB50/t (USD7.5/t) over last Friday.
Holding a regular stock of 2,000 tonnes at hand, the source thinks sharp and continuous prices increase of raw material is the main reason for the price rise of welded pipe, but the market performs as inactively as it did in October. “Traders are eager to move up prices now seeing the price soar and short supply of raw materials, despite the dull market,” explained the source, with the sales volume of 150 tonnes in recent one week, against the target of 500 tonnes. Reporting a total sales volume of 700 tonnes last month, he keeps a keen eye on the market.
A trader in Shanghai reported that the price of welded pipe Q235 Ф114*3.75mm from Huaqi Steel is RMB3,200/t (USD472/t), rose by RMB40/t (USD6/t) compared with last Friday.
Attributing the price rise to price soar of raw material, the source revealed that the price of steel billet has increased by RMB210/t (USD31/t) to RMB2,470/t (USD364/t) from last Saturday to this Monday, encouraging welded pipe producers to raise prices, so that traders followed suit. However, with the total sales volume of 300 tonnes in the past week, against the target of 500 tonnes, he stated that though prices kept rising recently, the market performance showed no signs of improving as downstream customers are cautious about purchasing, for fear of a sudden falling back. Holding a low stock of 2,000 tonnes at hand, half of the normal level, he sold 1,500 tonnes last month.
A trader in Guangzhou disclosed to Asian Metal that the current price for Q235 Ф114*3.75mm is RMB3,250/t (USD479/t) from local mills, up by RMB50/t (USD7.5/t) compared with last Friday.
“Most local traders and producers hold back offers for the moment seeing the upward price trend of raw materials, waiting for another price increase, and thus current prices are a little bit chaotic,” the source said, adding that the price for HR strip, the direct raw material for welded pipe increased by RMB40/t (USD6/t) to RMB2,920/t (USD431/t) in North China after a total mark-up of RMB150/t (USDD22/t) last week, stimulating producers here to lift prices. Nevertheless, with the sales volume of 4,000 tonnes in recent one week, against 30,000 tonnes in October, he reported an inactive market. Currently the source holds a regular stock of 20,000 tonnes at hand.
A trader in Tianjin revealed that the price of Q235 Ф114*3.75mm from Youfa Steel is RMB2,970/t (USD4138/t), up by RMB50/t (USD7.5/t) over last Friday.
Holding a regular stock of 2,000 tonnes at hand, the source thinks sharp and continuous prices increase of raw material is the main reason for the price rise of welded pipe, but the market performs as inactively as it did in October. “Traders are eager to move up prices now seeing the price soar and short supply of raw materials, despite the dull market,” explained the source, with the sales volume of 150 tonnes in recent one week, against the target of 500 tonnes. Reporting a total sales volume of 700 tonnes last month, he keeps a keen eye on the market.
A trader in Shanghai reported that the price of welded pipe Q235 Ф114*3.75mm from Huaqi Steel is RMB3,200/t (USD472/t), rose by RMB40/t (USD6/t) compared with last Friday.
Attributing the price rise to price soar of raw material, the source revealed that the price of steel billet has increased by RMB210/t (USD31/t) to RMB2,470/t (USD364/t) from last Saturday to this Monday, encouraging welded pipe producers to raise prices, so that traders followed suit. However, with the total sales volume of 300 tonnes in the past week, against the target of 500 tonnes, he stated that though prices kept rising recently, the market performance showed no signs of improving as downstream customers are cautious about purchasing, for fear of a sudden falling back. Holding a low stock of 2,000 tonnes at hand, half of the normal level, he sold 1,500 tonnes last month.
A trader in Guangzhou disclosed to Asian Metal that the current price for Q235 Ф114*3.75mm is RMB3,250/t (USD479/t) from local mills, up by RMB50/t (USD7.5/t) compared with last Friday.
“Most local traders and producers hold back offers for the moment seeing the upward price trend of raw materials, waiting for another price increase, and thus current prices are a little bit chaotic,” the source said, adding that the price for HR strip, the direct raw material for welded pipe increased by RMB40/t (USD6/t) to RMB2,920/t (USD431/t) in North China after a total mark-up of RMB150/t (USDD22/t) last week, stimulating producers here to lift prices. Nevertheless, with the sales volume of 4,000 tonnes in recent one week, against 30,000 tonnes in October, he reported an inactive market. Currently the source holds a regular stock of 20,000 tonnes at hand.
