Chinese seamless pipe export price up
2012-05-23 15:01:55 [Print]
BEIJING (Asian Metal) 12 Apr 12 - Boosted by better overseas market performance and rising prices in the domestic market, the seamless pipe export price rises. Currently that of API 5L GRB Φ219mm*8mm is RMB5,750-5,800/t (USD912-920/t) (VAT included) FOB China, up by RMB100/t over that of month beginning. Insiders predict the price is likely to keep stable in the coming week.
A sales official from Luxing Steel Pipe, a seamless pipe producer and seller in Shandong Province tells Asian Metal that the price has been rising since March, mainly stimulated by price increases of steel mills. Currently his quotation for API 5L GRB Φ219mm*8mm from its own mill is RMB5,750/t (USD912/t) FOB Qingdao Port, rising by RMB100/t compared with that of last week.
In the meantime, the source reveals the market performance is recovering since the year beginning and the sales volume was 6,000t in March, while the regular monthly level is only 3,000-4,000t. According to him, the price of local mills witnessed a total markup of RMB300-350/t since the March beginning and prices of raw materials like iron ore and tubing blank showed an upward trend as well, both leading to a continuous export price rise. Meanwhile, the source adds that the freight fees keep increasing, imposing uncertainties on the export market and currently lots of foreign customers are reluctant to place large orders. Besides, it is said that the fees are likely to further go up in May, thus large deals are hard to be made. Consequently, he thinks the price is unlikely to further increase next week.
Another seamless pipe exporter, Longchuan Pipe in Yangzhou, Jiangsu Province confirms a price increase, with the markup of RMB180/t. Currently his quotation for the same above grade is RMB5,800/t (USD920/t) FOB Shanghai Port.
The source’s major export market is Middle East and he is developing markets of South America and Southeast Asia. According to him, the export market is performing actively and his sales volume was 20,000t in March, while the regular monthly level is 10,000-20,000t. Besides, customers place orders in large quantities and products are expected to be delivered in July. As for the coming market, he is confident, but does not believe the price will further rise as it went up sharply and quickly in past weeks.
A sales official from Luxing Steel Pipe, a seamless pipe producer and seller in Shandong Province tells Asian Metal that the price has been rising since March, mainly stimulated by price increases of steel mills. Currently his quotation for API 5L GRB Φ219mm*8mm from its own mill is RMB5,750/t (USD912/t) FOB Qingdao Port, rising by RMB100/t compared with that of last week.
In the meantime, the source reveals the market performance is recovering since the year beginning and the sales volume was 6,000t in March, while the regular monthly level is only 3,000-4,000t. According to him, the price of local mills witnessed a total markup of RMB300-350/t since the March beginning and prices of raw materials like iron ore and tubing blank showed an upward trend as well, both leading to a continuous export price rise. Meanwhile, the source adds that the freight fees keep increasing, imposing uncertainties on the export market and currently lots of foreign customers are reluctant to place large orders. Besides, it is said that the fees are likely to further go up in May, thus large deals are hard to be made. Consequently, he thinks the price is unlikely to further increase next week.
Another seamless pipe exporter, Longchuan Pipe in Yangzhou, Jiangsu Province confirms a price increase, with the markup of RMB180/t. Currently his quotation for the same above grade is RMB5,800/t (USD920/t) FOB Shanghai Port.
The source’s major export market is Middle East and he is developing markets of South America and Southeast Asia. According to him, the export market is performing actively and his sales volume was 20,000t in March, while the regular monthly level is 10,000-20,000t. Besides, customers place orders in large quantities and products are expected to be delivered in July. As for the coming market, he is confident, but does not believe the price will further rise as it went up sharply and quickly in past weeks.
