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Chinese seamless pipe export price up

2012-10-10 08:52:45  【Print】
BEIJING (Asian Metal) 10 Oct 12 - Affected by raised prices of raw materials like steel billet, export prices of Chinese seamless pipe increase by RMB100/t (USD15.9/t), with that of API 5L GRB Φ219*8mm at USD775-780/t (VAT included) FOB China.Asian Metal Copyright9t, with that of API 5L GRB Φ219*8mm at USD775-780t VAT included FOB China.Asian Metal Copyright Insiders deem that the export market performance is likely to recover in October.

A sales representative from Shengshida Trading, a leading seamless pipe exporter in Changsha, Hunan Province reports to Asian Metal that the export price of API 5L GRB Φ219*8mm is RMB4,880/t (USD776/t, VAT included) FOB Tianjin Port, up by USD16/t over that of the previous trading day.

The source attributes the price increase to raised prices of raw materials like steel billet in past 10 days, whose markup reached RMB170/t (USD27/t), as well as adding inquiries from oversea buyers. “With the economy in Europe showing signs of turning better, a number of downstream buyers will place orders within this month,” said the source.Asian Metal Copyright Apart from above factors, he points out that stimulating measures adopted by the government like providing credit guaranty for oversea deals also gain positive influence on the dim market.Asian Metal Copyright Therefore, he predicts that the export market sees a chance of recovering in the near future.

A sales official from Changbao Pipe, another seamless pipe exporter in Jiangsu Province confirms the price increase, offering RMB4,906/t (USD780/t, VAT included) FOB Shanghai Port for the above grade.

In the meantime, the source discloses that he achieved a sales volume of around 15,000t in September, rising by 30% compared with that of August. Apart from above factors, he points out that stimulating measures adopted by the government like providing credit guaranty for oversea deals also gain positive influence on the dim market.Asian Metal Copyright Insiders deem that the export market performance is likely to recover in October.Asian Metal Copyright Nevertheless, he still holds a cautiously optimistic attitude towards the forthcoming market due to the uncertain outlook of the economy both at home and abroad.
.Asian Metal Copyright Apart from above factors, he points out that stimulating measures adopted by the government like providing credit guaranty for oversea deals also gain positive influence on the dim market.Asian Metal Copyright