Welded Pipe Market Report January 2014
2014-02-10 18:06:42 【Print】
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Chinese domestic welded pipe market was still unsatisfying this month affected by the soft demand from downstream industry
. Prices of raw materials such as steel billet and HR strip went down sharply, but those of welded pipe only fell slightly . On the one hand, traders did not have large stocks especially in South and East China and they did not think a price decrease would attract more buyers; on the other hand, the purchasing cost became higher due to the freight rates rise . Participants have begun the Spring Festival holiday and most of them will come back to work after February 7th . The market will keep stagnant during the period . Since prices of raw materials keep the downward trend, insiders deem that of welded pipe is likely to go down further next month.