Welded Pipe Market Report February 2014

The Chinese domestic welded pipe market was still performing unsatisfactorily this month and prices in most regions witnessed a downward trend.Asian Metal Copyright Though the government published new policies to reduce the productivity, the market could not make any immediate progress due to the serious oversupply.Asian Metal Copyright Since most participants came back from the long Spring Festival holiday after February 10th, the market was struggled to recover immediately.Asian Metal Copyright Under such conditions, insiders predict that the welded pipe price is likely to go down further next month.Asian Metal Copyright In addition, there was absence of positive policies for the steel industry.Asian Metal Copyright Since most participants came back from the long Spring Festival holiday after February 10th, the market was struggled to recover immediately.Asian Metal Copyright Though the government published new policies to reduce the productivity, the market could not make any immediate progress due to the serious oversupply.Asian Metal CopyrightThe Chinese domestic welded pipe market was still performing unsatisfactorily this month and prices in most regions witnessed a downward trend.Asian Metal Copyright In addition, traders were facing pressure to withdrawing funds, so were eager to reduce stocks.Asian Metal Copyright In addition, there was absence of positive policies for the steel industry.Asian Metal Copyright Under such conditions, insiders predict that the welded pipe price is likely to go down further next month.
.Asian Metal Copyright In addition, traders were facing pressure to withdrawing funds, so were eager to reduce stocksAsian Metal Copyright