Monthly Steel Pipe Market Report Dec 2018

1. Market Highlights

The domestic steel pipe market continued to run slowly during the month restricted by the weak downstream demand, despite the price rebound in some regions. Meanwhile, prices in other Asian markets went down slightly. After the sharp markdown of about RMB500/t (USD73/t) in November, both producers and traders were eager to raise prices during the month boosted by the news that China and the U.Asian Metal Copyright .Asian Metal CopyrightS.Asian Metal Copyright Meanwhile, prices in other Asian markets went down slightly.Asian Metal Copyright reached a consensus on suspension of imposing extra tariffs.Asian Metal Copyright Considering the downstream demand is likely to shrink further in January with the approach of the Spring Festival 5 February, insiders foresee a nationwide price decline for steel pipe in January.Asian Metal Copyright However, end users refused to accept higher prices and only purchased according to urgent needs, leading to a slow market.Asian Metal Copyright After the sharp markdown of about RMB500t USD73t in November, both producers and traders were eager to raise prices during the month boosted by the news that China and the U.Asian Metal Copyright Considering the downstream demand is likely to shrink further in January with the approach of the Spring Festival (5 February), insiders foresee a nationwide price decline for steel pipe in January.

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