Thai welded pipe market unpromising
2015-02-28 09:36:50 [Print]
BEIJING (Asian Metal) 28 Feb 15 - The market of welded pipe in Thailand remains gloomy for now because of the weak demand and lower offers from China. Participants are pessimistic about the coming market while market prices have showed signs of decreasing.
A trader from Bangkok tells Asian Metal that the price of welded pipe ASTM A53B Φ114.3mm*3.75mm is THB22,500/t (USD691/t) VAT excluded, stable compared with that of last week.
According to the source, the downstream demand remains weak and the industrial production in Thailand decreased by 1.31% in January on a monthly basis, which is the 22nd month for a consecutive decrease. His current sales volume is 800tpm, against that of 1,000tpm in the peak season. About the coming market, the source shows little confidence.
Another trader from Bangkok reports that the price of welded pipe ASTM A53B Φ114.3mm*3.75mm is THB22,500/t (USD691/t) VAT excluded, down by THB500/t (USD15/t) compared with two weeks ago.
The source reveals that some customers prefer cheap materials imported from China. After the Chinese Spring Festival holiday, Chinese pipe makers cut export offers by about USD10/t further over two weeks ago. In addition, His current sales volume is 3,000tpm, which is 20% lower than that of last year. As for the coming market, the source prefers to take a cautious attitude for now.
A trader from Bangkok tells Asian Metal that the price of welded pipe ASTM A53B Φ114.3mm*3.75mm is THB22,500/t (USD691/t) VAT excluded, stable compared with that of last week.
According to the source, the downstream demand remains weak and the industrial production in Thailand decreased by 1.31% in January on a monthly basis, which is the 22nd month for a consecutive decrease. His current sales volume is 800tpm, against that of 1,000tpm in the peak season. About the coming market, the source shows little confidence.
Another trader from Bangkok reports that the price of welded pipe ASTM A53B Φ114.3mm*3.75mm is THB22,500/t (USD691/t) VAT excluded, down by THB500/t (USD15/t) compared with two weeks ago.
The source reveals that some customers prefer cheap materials imported from China. After the Chinese Spring Festival holiday, Chinese pipe makers cut export offers by about USD10/t further over two weeks ago. In addition, His current sales volume is 3,000tpm, which is 20% lower than that of last year. As for the coming market, the source prefers to take a cautious attitude for now.
