Welded Pipe Market Report March 2014
2014-04-03 09:17:48 【Print】
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The Chinese domestic welded pipe market was still performing unsatisfactorily this month and prices in most regions maintained a downward trend
. Prices of raw materials such as iron ore decreased throughout the first two weeks of the month, which ruined traders’ confidence in the market outlook . However, the price of raw materials rebounded at the end of the month, and that of welded pipe also tracked back up . Demand from downstream industries improved slightly . Traders and mills wanted to lift quotations for welded pipe as the price had been falling for nearly two months . In view of that, insiders predict that welded pipe prices are likely to go up in April.