Chinese welded pipe market dim
2015-04-21 09:00:28 [Print]
BEIJING (Asian Metal) 21 Apr 15 - Prices for welded pipe are temporarily unchanged in China’s major cities, while the market is dim without the support from downstream demand. Insiders believe that Chinese welded pipe market is unlikely to turn better quickly.
A welded pipe trader in Tianjin reveals to Asian Metal that the price for Q235 Ф114*3.75mm from Youfa Pipe is RMB2,440/t (USD394/t), the same as last trading day.
The source discloses that though the local temperature is rising and weather is becoming more appropriate for the construction of outdoor projects, the demand for welded pipe demonstrates no obvious signs of releasing. Currently, his sales volume is only 60tpd, while it can reach 100tpd in the peak season. As for the coming market, he is pessimistic and prefers to hold a wait-and-see attitude towards it.
Another welded pipe trader in Shanghai offers RMB2,660/t (USD429/t) for the above grade from Youfa Steel, unchanged compared with last trading day.
According to him, the price of steel billet Q235 150mm*150mm in Tangshan, Hebei Province increased by RMB40/t (USD6/t) to RMB2,020/t (USD326/t) in past several days. The source tells Asian Metal that though raw material prices showed signs of rebounding recently, prices for welded pipe are difficult to follow suit without strong downstream demand. With a sales volume of 100tpd against the target one of 300tpd, he is not confident of the welded pipe market outlook.
Another welded pipe trader in Wuhan quotes RMB2,630/t (USD424/t) for the above grade from Zhengda Steel, unchanged compared with last trading day.
According to the source, end users only purchase in small quantities to meet their urgent needs, so downstream demand shows no signs of releasing and the sales performance for most local traders is not satisfying. Currently, his sales volume is only 20tpd, while the target level in the peak season is 50tpd. He is afraid that the welded pipe market will remain sluggish for some time.
A welded pipe trader in Tianjin reveals to Asian Metal that the price for Q235 Ф114*3.75mm from Youfa Pipe is RMB2,440/t (USD394/t), the same as last trading day.
The source discloses that though the local temperature is rising and weather is becoming more appropriate for the construction of outdoor projects, the demand for welded pipe demonstrates no obvious signs of releasing. Currently, his sales volume is only 60tpd, while it can reach 100tpd in the peak season. As for the coming market, he is pessimistic and prefers to hold a wait-and-see attitude towards it.
Another welded pipe trader in Shanghai offers RMB2,660/t (USD429/t) for the above grade from Youfa Steel, unchanged compared with last trading day.
According to him, the price of steel billet Q235 150mm*150mm in Tangshan, Hebei Province increased by RMB40/t (USD6/t) to RMB2,020/t (USD326/t) in past several days. The source tells Asian Metal that though raw material prices showed signs of rebounding recently, prices for welded pipe are difficult to follow suit without strong downstream demand. With a sales volume of 100tpd against the target one of 300tpd, he is not confident of the welded pipe market outlook.
Another welded pipe trader in Wuhan quotes RMB2,630/t (USD424/t) for the above grade from Zhengda Steel, unchanged compared with last trading day.
According to the source, end users only purchase in small quantities to meet their urgent needs, so downstream demand shows no signs of releasing and the sales performance for most local traders is not satisfying. Currently, his sales volume is only 20tpd, while the target level in the peak season is 50tpd. He is afraid that the welded pipe market will remain sluggish for some time.
