Chinese domestic seamless pipe price stable
2012-04-10 09:16:39 [Print]
BEIJING (Asian Metal) 10 Apr 12 - The price of seamless pipe keeps unchanged for the moment and sources deem it will rise by RMB50/t in coming days seeing the increasing cost.
East China: A salesman from Juli Trading in Shanghai quotes RMB5,600/t (VAT included) for 20# Φ377*10mm GB/T8162 from Baotou Steel, unchanged over that of last Friday.
In addition, the source discloses that as Baotou Steel lifted the price of grades below Φ245mm by RMB50/t on April 6 after a markup of RMB50/t for those above Φ273mm on March 31, local traders are eager to move up quotations at present but they hold them firm temporarily and see how the market will act. Besides, he reveals that the market performance remains unsatisfying and the sales volume is less than 100tpd, while it is over 150tpd in high period.
Southwest China: A sales manager from Juji Trading in Chengdu, Sichuan Province offers RMB5,700/t (VAT included) for 20# Φ108*4.5mm GB/T8163 from Pangang Group Chengdu Branch, the same as that of the previous transaction day.
According to the source, although steel mills in Shandong Province kept lifting ex-works prices of seamless pipe since last month, the market price in Chengdu witnessed a steady trend. On the one hand, the demand from downstream customers remains soft, restraining prices from going up. On the other hand, traders are reluctant to lower quotations in view of rising purchase costs. In the meantime, he explains the price is likely to move up in following days, but the markup will be limited.
South China: A sales official from Fengsheng Trading in Foshan, Guangdong Province offers RMB5,200/t (VAT included) for 20# Φ108*4.5mm GB/T8163 from steel mills in Shandong Province, unchanged compared with that of the previous transaction day.
In the meantime, the source points out that the price has been stable since last week and he does not think it will go down in the short term seeing upward price trend of raw materials. Meanwhile, the source discloses that the market acts inactively and the sales volume is less than the target level of 80tpd.
North China: A sales manager from Baolai Trading in Tai’an, Shandong Province quotes RMB4,900/t (VAT included) for 20# Φ108*4.5mm GB/T8163 from steel mills in Linyi, Shandong Province, stable compared with that of the previous trading day.
Meanwhile, the source reveals that the market performance is getting better at the moment. According to him, the total sales volume is 1,462.24t last week, up by 68.64t over that of week before. In the meantime, the source discloses that if prices of steel mills keep going up, he will follow suit.
East China: A salesman from Juli Trading in Shanghai quotes RMB5,600/t (VAT included) for 20# Φ377*10mm GB/T8162 from Baotou Steel, unchanged over that of last Friday.
In addition, the source discloses that as Baotou Steel lifted the price of grades below Φ245mm by RMB50/t on April 6 after a markup of RMB50/t for those above Φ273mm on March 31, local traders are eager to move up quotations at present but they hold them firm temporarily and see how the market will act. Besides, he reveals that the market performance remains unsatisfying and the sales volume is less than 100tpd, while it is over 150tpd in high period.
Southwest China: A sales manager from Juji Trading in Chengdu, Sichuan Province offers RMB5,700/t (VAT included) for 20# Φ108*4.5mm GB/T8163 from Pangang Group Chengdu Branch, the same as that of the previous transaction day.
According to the source, although steel mills in Shandong Province kept lifting ex-works prices of seamless pipe since last month, the market price in Chengdu witnessed a steady trend. On the one hand, the demand from downstream customers remains soft, restraining prices from going up. On the other hand, traders are reluctant to lower quotations in view of rising purchase costs. In the meantime, he explains the price is likely to move up in following days, but the markup will be limited.
South China: A sales official from Fengsheng Trading in Foshan, Guangdong Province offers RMB5,200/t (VAT included) for 20# Φ108*4.5mm GB/T8163 from steel mills in Shandong Province, unchanged compared with that of the previous transaction day.
In the meantime, the source points out that the price has been stable since last week and he does not think it will go down in the short term seeing upward price trend of raw materials. Meanwhile, the source discloses that the market acts inactively and the sales volume is less than the target level of 80tpd.
North China: A sales manager from Baolai Trading in Tai’an, Shandong Province quotes RMB4,900/t (VAT included) for 20# Φ108*4.5mm GB/T8163 from steel mills in Linyi, Shandong Province, stable compared with that of the previous trading day.
Meanwhile, the source reveals that the market performance is getting better at the moment. According to him, the total sales volume is 1,462.24t last week, up by 68.64t over that of week before. In the meantime, the source discloses that if prices of steel mills keep going up, he will follow suit.
