Chinese welded pipe price rebounds
2012-12-18 09:01:13 [Print]
BEIJING (Asian Metal) 18 Dec 12 - Since the price of HR strip increased much during the weekend, that of welded pipe also went up. Insiders are watching the market and believe that the price may keep stable or increase slightly in next two days.
A producer in Tangshan, Hebei Province tells Asian Metal that his quotation for Q235 Φ114mm*3.75mm from the mill is RMB3,620/t (Net weight and VAT included), increasing by RMB120/t compared with that of the previous trading day.
The mill is one of the biggest manufacturers in Tangshan and its monthly output is more than 70,000t in high season. It has 11 production lines and can produce nearly all grades of welded pipe, so there are many agents in Chinese domestic market. The price of steel billet Q235 150mm*150mm from Tangshan, Hebei province increased by RMB100/t during the weekend, so the source predicts that they are likely to keep prices unchanged to watch the performance of the market after the price increase.
A trader in Shanghai reports to Asian Metal that his quotation for Q235 Φ114mm*3.75mm from Huaqi Steel is RMB3,970/t (Net weight and VAT included), increasing by RMB50/t compared with that of last trading day.
Meanwhile, the source discloses that traders in Shanghai do not hold large stocks as before, because it is the traditional dull season and they have to control inventories to avoid potential losses. The price goes up and customers are more active in placing orders when the price in North China rebounds sharply. Currently, his sales volume is around 200tpd, which nearly equals to the target level. Stimulated by the good news published these several days, the source thinks the price is likely to increase further this week.
A trader in Foshan, Guangdong Province reports to Asian Metal that his quotation for Q195 Φ114mm*3.75mm from the local mill is RMB4,150/t (Net weight and VAT included), increasing by RMB60/t compared with that of last trading day.
The source discloses that nearly all steel products in Guangdong Province showed strong upward trend this weekend, and customers are active in placing orders when they realize that they are likely to increase further in following two days. To his surprise, his sales volume is 200tpd, nearly equals to the target level. In the meantime, the source predicts that the price may keep stable or increase slightly in next two days.
A producer in Tangshan, Hebei Province tells Asian Metal that his quotation for Q235 Φ114mm*3.75mm from the mill is RMB3,620/t (Net weight and VAT included), increasing by RMB120/t compared with that of the previous trading day.
The mill is one of the biggest manufacturers in Tangshan and its monthly output is more than 70,000t in high season. It has 11 production lines and can produce nearly all grades of welded pipe, so there are many agents in Chinese domestic market. The price of steel billet Q235 150mm*150mm from Tangshan, Hebei province increased by RMB100/t during the weekend, so the source predicts that they are likely to keep prices unchanged to watch the performance of the market after the price increase.
A trader in Shanghai reports to Asian Metal that his quotation for Q235 Φ114mm*3.75mm from Huaqi Steel is RMB3,970/t (Net weight and VAT included), increasing by RMB50/t compared with that of last trading day.
Meanwhile, the source discloses that traders in Shanghai do not hold large stocks as before, because it is the traditional dull season and they have to control inventories to avoid potential losses. The price goes up and customers are more active in placing orders when the price in North China rebounds sharply. Currently, his sales volume is around 200tpd, which nearly equals to the target level. Stimulated by the good news published these several days, the source thinks the price is likely to increase further this week.
A trader in Foshan, Guangdong Province reports to Asian Metal that his quotation for Q195 Φ114mm*3.75mm from the local mill is RMB4,150/t (Net weight and VAT included), increasing by RMB60/t compared with that of last trading day.
The source discloses that nearly all steel products in Guangdong Province showed strong upward trend this weekend, and customers are active in placing orders when they realize that they are likely to increase further in following two days. To his surprise, his sales volume is 200tpd, nearly equals to the target level. In the meantime, the source predicts that the price may keep stable or increase slightly in next two days.
