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
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.
. 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.