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Malaysian welded pipe price up

2015-11-12 08:43:46  【Print】
BEIJING (Asian Metal) 12 Nov 15 - Welded pipe prices witness an upward trend in Malaysia, with the ringgit depreciating against US dollar.Asian Metal Copyright 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.Asian Metal Copyright Currently, mainstream price of welded pipe Φ114.Asian Metal Copyright .Asian Metal Copyright3mm*3.75mm is MYR2,400-2,450/t (USD551-562/t).Asian Metal Copyright Seeing no promising news from relevant industries, he foresees a sluggish welded pipe market in following several weeks.Asian Metal Copyright 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.Asian Metal Copyright His current sales volume is 30-40tpd, which is almost the same as that of last week.Asian Metal Copyright3675 against the US dollar on November 9, witnessing the sharpest decrease in recent two months.Asian Metal CopyrightBEIJING Asian Metal 12 Nov 15 - Welded pipe prices witness an upward trend in Malaysia, with the ringgit depreciating against US dollar.Asian Metal Copyright 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.Asian Metal Copyright The source tells Asian Metal that the ringgit fell by 1.Asian Metal Copyright However, he also discloses that the welded pipe market is still sluggish with downstream demand remaining weak.Asian Metal Copyright75mm is MYR2,450t USD562t, increasing by MYR100t USD23t compared with that of last month.Asian Metal Copyright 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.Asian Metal Copyright However, he also discloses that the welded pipe market is still sluggish with downstream demand remaining weak.Asian Metal Copyright He is unsatisfied with the current market performance and says that the market is hard to witness any improvement during this rainy season.Asian Metal Copyright Currently, mainstream price of welded pipe Φ114.Asian Metal Copyright Seeing no promising news from relevant industries, he foresees a sluggish welded pipe market in following several weeks.

.Asian Metal CopyrightBEIJING Asian Metal 12 Nov 15 - Welded pipe prices witness an upward trend in Malaysia, with the ringgit depreciating against US dollar.Asian Metal Copyright