Monthly Steel Pipe Market Report Nov 2017
2017-12-06 14:32:57 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
Please contact us for a subscription.
Please contact us for a subscription.
1. Market Highlights
Prices for steel pipe soared in major Chinese domestic markets during the month, boosted by significant prices increases of raw materials caused by restrict environmental protection policies. Mills lifted ex-works prices day by day due to continuous and sharp prices increases of raw materials, but they reported narrowed profits. Seeing short supply and higher purchasing costs, traders were eager to lift prices. Meanwhile, the market performance showed signs of improving since end users were active in placing orders in view of the upward price trend. Considering the overall market performance remains low, insiders think the price for steel pipe is likely to go on rising in December.
Prices for steel pipe soared in major Chinese domestic markets during the month, boosted by significant prices increases of raw materials caused by restrict environmental protection policies. Mills lifted ex-works prices day by day due to continuous and sharp prices increases of raw materials, but they reported narrowed profits. Seeing short supply and higher purchasing costs, traders were eager to lift prices. Meanwhile, the market performance showed signs of improving since end users were active in placing orders in view of the upward price trend. Considering the overall market performance remains low, insiders think the price for steel pipe is likely to go on rising in December.
