Monthly Steel Pipe Market Report Jul 2018
2018-08-02 14:32:09 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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1. Market Highlights
Prices for welded pipe increased nationwide boosted by significant prices increases of raw materials as well as those in the steel futures market, while those for seamless pipe failed to go up and even declined in certain regions. The downstream demand shrank obviously influenced by continuous rains as well as the high temperature, and end users were cautious about placing orders, for fear of a sudden price falling back. Reporting limited sales volumes, traders showed little confidence in the market prospect and inactive in building large inventories. Considering the overall market inventory remains low, insiders think the price for steel pipe is likely to go up slightly in August.
Prices for welded pipe increased nationwide boosted by significant prices increases of raw materials as well as those in the steel futures market, while those for seamless pipe failed to go up and even declined in certain regions. The downstream demand shrank obviously influenced by continuous rains as well as the high temperature, and end users were cautious about placing orders, for fear of a sudden price falling back. Reporting limited sales volumes, traders showed little confidence in the market prospect and inactive in building large inventories. Considering the overall market inventory remains low, insiders think the price for steel pipe is likely to go up slightly in August.
