Chinese welded pipe price up
2012-10-09 09:22:19 [Print]
BEIJING (Asian Metal) 9 Oct 12 - Stimulated by price increases of raw materials and traders’ willingness, the price of welded pipe rises in China at the moment, but the market performance shows no signs of recovering. Insiders do not think the price can further go up in the short term.
Central China: A salesman from Juguo Trading, a major welded pipe distributor in Wuhan, Hubei Province tells Asian Metal that his quotation for Q235 Φ114mm*3.25mm from Zhengda Steel is RMB4,060/t (Net weight and VAT included), RMB90/t higher than that before the holiday (Sep 30-Oct 7).
The source attributes the price rise to price increases of raw materials. Therein, the price of steel billet Q235 150mm*150mm in Tangshan, Hebei Province rose by RMB190/t to RMB3,330-3,350/t (VAT included) during the holiday. Besides, that of HR strip Q195 (232-355)mm*2.5mm*C in Bazhou, Hebei Province increased by RMB130/t to RMB3,710/t (VAT included) during the period in question. Nevertheless, the source reveals that the market performance remains unpromising and his sales volume is around 100tpd, while it is over 300tpd in the peak season. Therefore, he is not confident of the coming market and does not expect for a further price increase.
East China: A salesman from Ningjin Trading in Shanghai confirms a price increase, quoting RMB4,110/t (Net weight and VAT included) for Q235 Φ114mm*3.25mm from Youfa Steel, rising by RMB100/t over that before the holiday.
However, the source discloses that the market continues to perform slowly on the first working day after the 8-day holiday as downstream customers had built certain stocks before the holiday and they refuse to place orders actively for the time being seeing the sharp price rise. With a low inventory of 1,000t in hand, the source is not eager to make deals and holds a wait-and-see attitude towards the coming market.
South China: A sales manager from Nanda Pipe, a leading welded pipe producer and seller in Foshan, Guangdong Province reports to Asian Metal that his quotation for Q195 Φ114mm*3.25mm from his own mill is RMB4,160/t (Net weight and VAT included), up by RMB160/t in total compared with that before the holiday.
The source explains that it is the price markup of RMB160/t of the raw material-HR strip that caused the price rise of welded pipe, but the market performance remains unsatisfying. Regarding the coming market, he is not so optimistic, but seeing resources of HR strip are in shortage to some degree, he does not think the price will go down, either.
Central China: A salesman from Juguo Trading, a major welded pipe distributor in Wuhan, Hubei Province tells Asian Metal that his quotation for Q235 Φ114mm*3.25mm from Zhengda Steel is RMB4,060/t (Net weight and VAT included), RMB90/t higher than that before the holiday (Sep 30-Oct 7).
The source attributes the price rise to price increases of raw materials. Therein, the price of steel billet Q235 150mm*150mm in Tangshan, Hebei Province rose by RMB190/t to RMB3,330-3,350/t (VAT included) during the holiday. Besides, that of HR strip Q195 (232-355)mm*2.5mm*C in Bazhou, Hebei Province increased by RMB130/t to RMB3,710/t (VAT included) during the period in question. Nevertheless, the source reveals that the market performance remains unpromising and his sales volume is around 100tpd, while it is over 300tpd in the peak season. Therefore, he is not confident of the coming market and does not expect for a further price increase.
East China: A salesman from Ningjin Trading in Shanghai confirms a price increase, quoting RMB4,110/t (Net weight and VAT included) for Q235 Φ114mm*3.25mm from Youfa Steel, rising by RMB100/t over that before the holiday.
However, the source discloses that the market continues to perform slowly on the first working day after the 8-day holiday as downstream customers had built certain stocks before the holiday and they refuse to place orders actively for the time being seeing the sharp price rise. With a low inventory of 1,000t in hand, the source is not eager to make deals and holds a wait-and-see attitude towards the coming market.
South China: A sales manager from Nanda Pipe, a leading welded pipe producer and seller in Foshan, Guangdong Province reports to Asian Metal that his quotation for Q195 Φ114mm*3.25mm from his own mill is RMB4,160/t (Net weight and VAT included), up by RMB160/t in total compared with that before the holiday.
The source explains that it is the price markup of RMB160/t of the raw material-HR strip that caused the price rise of welded pipe, but the market performance remains unsatisfying. Regarding the coming market, he is not so optimistic, but seeing resources of HR strip are in shortage to some degree, he does not think the price will go down, either.
