Malaysian welded pipe price up
2015-11-12 08:48:52 [Print]
BEIJING (Asian Metal) 12 Nov 15 - Welded pipe prices witness an upward trend in Malaysia, with the ringgit depreciating against US dollar. Currently, mainstream price of welded pipe Φ114.3mm*3.75mm is MYR2,400-2,450/t (USD551-562/t). However, considering the insufficient downstream demand, insiders don’t believe that Malaysian welded pipe market will improve much within a short period.
A trader in Pahang reports to Asian Metal that his price of BS1387 Φ114.3mm*3.75mm is MYR2,400/t (USD551/t), increasing by MYR100/t (USD23/t) compared with that of two weeks ago.
The source tells Asian Metal that the ringgit fell by 1.4 percent to 4.3675 against the US dollar on November 9, witnessing the sharpest decrease in recent two months. The import price of iron ore, the raw material is rising under such a condition and local producers have to move up their ex-works prices considering higher purchasing costs. However, he also discloses that the welded pipe market is still sluggish with downstream demand remaining weak. With a sales volume of 80tpd against 100-120tpd in October, he prefers to hold a cautious attitude towards the forthcoming market.
Another trader in Selangor discloses that his price of ASTM A53 Φ114.3mm*3.75mm is MYR2,450/t (USD562/t), increasing by MYR100/t (USD23/t) compared with that of last month.
The source tells Asian Metal that the price increase imposes little influence on his sales performance. His current sales volume is 30-40tpd, which is almost the same as that of last week. He is unsatisfied with the current market performance and says that the market is hard to witness any improvement during this rainy season. Seeing no promising news from relevant industries, he foresees a sluggish welded pipe market in following several weeks.
A trader in Pahang reports to Asian Metal that his price of BS1387 Φ114.3mm*3.75mm is MYR2,400/t (USD551/t), increasing by MYR100/t (USD23/t) compared with that of two weeks ago.
The source tells Asian Metal that the ringgit fell by 1.4 percent to 4.3675 against the US dollar on November 9, witnessing the sharpest decrease in recent two months. The import price of iron ore, the raw material is rising under such a condition and local producers have to move up their ex-works prices considering higher purchasing costs. However, he also discloses that the welded pipe market is still sluggish with downstream demand remaining weak. With a sales volume of 80tpd against 100-120tpd in October, he prefers to hold a cautious attitude towards the forthcoming market.
Another trader in Selangor discloses that his price of ASTM A53 Φ114.3mm*3.75mm is MYR2,450/t (USD562/t), increasing by MYR100/t (USD23/t) compared with that of last month.
The source tells Asian Metal that the price increase imposes little influence on his sales performance. His current sales volume is 30-40tpd, which is almost the same as that of last week. He is unsatisfied with the current market performance and says that the market is hard to witness any improvement during this rainy season. Seeing no promising news from relevant industries, he foresees a sluggish welded pipe market in following several weeks.
