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Malaysian seamless pipe market quiet

2015-08-27 08:29:50  【Print】
BEIJING (Asian Metal) 27 Aug 15 - The seamless pipe market continues to run inactively in Malaysia this week because of the insufficient demand, while the price does not go down due to the depreciation of Ringgit.Asian Metal Copyright With a projected sales volume of 50t per month, he estimates it will be 20t in August.Asian Metal Copyright Currently the prevailing price of ASTM A106 GRB Φ114.Asian Metal Copyright According to the source, both the market and the price run steadily at the moment.Asian Metal Copyright3mm*6.02mm imported from China is MYR2,080-2,100/t (USD491-495/t).Asian Metal Copyright Noted by him, though the market performance remains unsatisfying and most traders show no confidence in the market outlook, they do not plan to cut quotations in the near future in view of the depreciation of Ringgit against U.Asian Metal Copyright Insiders do not think the price will change in the near future.

A trader in Selangor tells Asian Metal that his quotation for ASTM A106 GRB Φ114.3mm*6.02mm imported from China is MYR2,080/t (USD491/t) 6% GST excluded, the same as last week.

According to the source, both the market and the price run steadily at the moment. With a projected sales volume of 50t per month, he estimates it will be 20t in August.Asian Metal Copyright dollar has dropped to 4.Asian Metal Copyright Noted by him, though the market performance remains unsatisfying and most traders show no confidence in the market outlook, they do not plan to cut quotations in the near future in view of the depreciation of Ringgit against U.Asian Metal Copyright Attributing the flat price to the contradiction between the weakening demand but rising purchase cost, the source complains that there are few construction projects under progress with the absence of stimulant policies, and it is hard for the demand for seamless pipe to get strong.Asian Metal CopyrightS.Asian Metal Copyright02mm imported from China is MYR2,080-2,100t USD491-495t.Asian Metal Copyright dollar.Asian Metal Copyright3mm*6.Asian Metal Copyright He explains that as there is no seamless pipe mill in Malaysia, they mainly import from China, Japan and South Korea, and thus the exchange currency between Ringgit and U.Asian Metal CopyrightS.Asian Metal CopyrightS.Asian Metal Copyright With a projected sales volume of 50t per month, he estimates it will be 20t in August.Asian Metal Copyright dollar plays a key role on the price adjustment.

Another trader also in Selangor offers MYR2,100/t (USD495/t) 6% GST exclude for ASTM A106 GRB Φ114.3mm*6.Asian Metal CopyrightS.Asian Metal Copyright02mm imported from China, equaling to last week.

Attributing the flat price to the contradiction between the weakening demand but rising purchase cost, the source complains that there are few construction projects under progress with the absence of stimulant policies, and it is hard for the demand for seamless pipe to get strong. He did not sell any products this week to date, while the daily sales volume is 10t when the market is prosperous.Asian Metal Copyright02mm imported from China is MYR2,080-2,100t USD491-495t.Asian Metal Copyright Meanwhile, the exchange rate between Ringgit and U.Asian Metal Copyright dollar plays a key role on the price adjustment.Asian Metal CopyrightS.Asian Metal Copyright Another trader also in Selangor offers MYR2,100t USD495t 6% GST exclude for ASTM A106 GRB Φ114.Asian Metal Copyright dollar has dropped to 4.Asian Metal Copyright He did not sell any products this week to date, while the daily sales volume is 10t when the market is prosperous.Asian Metal Copyright2:1 by Wednesday and he deems it is likely to hit 4.Asian Metal Copyright Meanwhile, the exchange rate between Ringgit and U.Asian Metal Copyright5:1 in the near future, which means purchase cost increases and restrains the price from decreasing.
.Asian Metal Copyright According to the source, both the market and the price run steadily at the moment.Asian Metal Copyright