Malaysian seamless pipe price down
2013-11-11 09:14:26 [Print]
BEIJING (Asian Metal) 11 Nov 13 - Influenced by sharp export quotation decline from overseas traders as well as the poor market performance, the price of seamless pipe in Malaysia decreased by around MYR50/t this week.
A trader in Kuala Lumpur quotes MYR2,450/t (USD770/t) for ASTM A106 GRB Φ114.3mm*6.02mm imported from China, down by MYR50/t compared with that of the previous week.
Meanwhile, the source discloses that the purchasing cost for the above grade from local large traders is MYR2,300/t. He explains that most traders are not confident of the coming market in view of the poor sales performance. “My target daily sales volume is around 10t, but the average level was 5t in recent two days,” he complains.
A trader in Sabah confirms a decreasing price, with that of the above grade imported from China down by MYR50/t to MYR2,550/t (USD800/t).
The source is pessimistic about the coming market in view of significant price decreases from Chinese exporters. “The export offer from Chinese exporters declined by USD50/t in past two weeks and it is likely to keep the downward trend in coming days,” added the source. Besides, he reveals that with the approach of the end of the year, both traders and customers face serious capital shortage, restraining the price from rebounding.
A trader in Kuala Lumpur quotes MYR2,450/t (USD770/t) for ASTM A106 GRB Φ114.3mm*6.02mm imported from China, down by MYR50/t compared with that of the previous week.
Meanwhile, the source discloses that the purchasing cost for the above grade from local large traders is MYR2,300/t. He explains that most traders are not confident of the coming market in view of the poor sales performance. “My target daily sales volume is around 10t, but the average level was 5t in recent two days,” he complains.
A trader in Sabah confirms a decreasing price, with that of the above grade imported from China down by MYR50/t to MYR2,550/t (USD800/t).
The source is pessimistic about the coming market in view of significant price decreases from Chinese exporters. “The export offer from Chinese exporters declined by USD50/t in past two weeks and it is likely to keep the downward trend in coming days,” added the source. Besides, he reveals that with the approach of the end of the year, both traders and customers face serious capital shortage, restraining the price from rebounding.
