Singaporean welded pipe market inactive
2015-06-04 08:55:02 [Print]
BEIJING (Asian Metal) 4 Jun 15 - Welded pipe market in Singapore remains dim, without the strong support from downstream demand. Insiders deem that the Singaporean welded pipe market will remain inactive for some time.
A trader in Singapore reveals to Asian Metal that the local price of welded pipe ASTM A53 Φ114.3mm*3.75mm imported from China is SGD701/t (USD520/t), stable compared with that of last week.
The source imports welded pipe from China. According to him, Chinese suppliers quote USD480/t FOB Tianjin for regular-sized welded pipe at this moment, and the price is almost the same as that of two weeks ago. However, he tells Asian Metal that the demand from end users is not strong and his sales volume in past several days was only 10tpd against the regular one of 20-30tpd. Therefore, he is not confident of the forthcoming market and believes that local market prices are very likely to go down within a short period.
Another trader in Singapore reports to Asian Metal that the local price of welded pipe ASTM A53 Φ114.3mm*3.75mm imported from China is SGD707/t (USD525/t), the same as that of last week.
The source reveals that the demand for welded pipe has been weak for a long period, and most local traders have reduced their stocks to avoid risks. Currently, his total stockpile for welded pipe is less than 100t, while he usually keeps a regular inventory of 300t when the market is good. As for the coming market, he is pessimistic and prefers to hold a wait-and-see attitude towards it.
A trader in Singapore reveals to Asian Metal that the local price of welded pipe ASTM A53 Φ114.3mm*3.75mm imported from China is SGD701/t (USD520/t), stable compared with that of last week.
The source imports welded pipe from China. According to him, Chinese suppliers quote USD480/t FOB Tianjin for regular-sized welded pipe at this moment, and the price is almost the same as that of two weeks ago. However, he tells Asian Metal that the demand from end users is not strong and his sales volume in past several days was only 10tpd against the regular one of 20-30tpd. Therefore, he is not confident of the forthcoming market and believes that local market prices are very likely to go down within a short period.
Another trader in Singapore reports to Asian Metal that the local price of welded pipe ASTM A53 Φ114.3mm*3.75mm imported from China is SGD707/t (USD525/t), the same as that of last week.
The source reveals that the demand for welded pipe has been weak for a long period, and most local traders have reduced their stocks to avoid risks. Currently, his total stockpile for welded pipe is less than 100t, while he usually keeps a regular inventory of 300t when the market is good. As for the coming market, he is pessimistic and prefers to hold a wait-and-see attitude towards it.
