Welded Pipe Market Report January 2014

Chinese domestic welded pipe market was still unsatisfying this month affected by the soft demand from downstream industry.Asian Metal Copyright .Asian Metal Copyright Prices of raw materials such as steel billet and HR strip went down sharply, but those of welded pipe only fell slightly.Asian Metal Copyright Participants have begun the Spring Festival holiday and most of them will come back to work after February 7th.Asian Metal Copyright On the one hand, traders did not have large stocks especially in South and East China and they did not think a price decrease would attract more buyers; on the other hand, the purchasing cost became higher due to the freight rates rise.Asian Metal Copyright Since prices of raw materials keep the downward trend, insiders deem that of welded pipe is likely to go down further next month.Asian Metal Copyright Participants have begun the Spring Festival holiday and most of them will come back to work after February 7th.Asian Metal Copyright On the one hand, traders did not have large stocks especially in South and East China and they did not think a price decrease would attract more buyers; on the other hand, the purchasing cost became higher due to the freight rates rise.Asian Metal Copyright The market will keep stagnant during the period.Asian Metal Copyright The market will keep stagnant during the period.Asian Metal Copyright Since prices of raw materials keep the downward trend, insiders deem that of welded pipe is likely to go down further next month.
.Asian Metal Copyright The market will keep stagnant during the periodAsian Metal Copyright