Welded Pipe Market Report May 2014

The Chinese domestic welded pipe market performed unsatisfactorily this month and the price maintained a downward trend. Demand from downstream industries was not forthcoming and the sales performance was still poor.Asian Metal CopyrightThe Chinese domestic welded pipe market performed unsatisfactorily this month and the price maintained a downward trend.Asian Metal Copyright Raw material prices also continued to decline during the month and are likely to go down further.Asian Metal Copyright Demand from downstream industries was not forthcoming and the sales performance was still poor.Asian Metal Copyright Though the supply of some popular grades was insufficient at the end of the month, the price was still struggling to go up.Asian Metal Copyright Demand from downstream industries was not forthcoming and the sales performance was still poor.Asian Metal Copyright Under such conditions, insiders deem that the market is unlikely to improve next month.