Seamless Pipe Market Report September 2013
2013-10-10 14:48:29 【Print】
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Though prices of raw materials showed a downward trend this month, those of seamless pipe kept generally stable and the market performed inactively even in the “golden September”
. Not being confident of the market in the following three months of this year, most traders were cautious of supplementing inventories and the total market stock ran at a low level . Statistics showed that the purchasing managers' index (PMI) of China's steel sector decreased to 49 . 2% in September of this year, falling by 4 . 2 percentage points month on month, indicating that the uncertainty in the prospects increased . Insiders deem the price of seamless pipe is likely to go down slightly in October.