Welded Pipe Market Report November 2012
2012-12-04 11:32:48 【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.
Prices of welded pipe witnessed a markdown of RMB140-260/t in major Chinese domestic markets like Tianjin, Shanghai and Guangzhou, in line with sharp price decreases of raw materials such as iron ore, steel billet and HR strip. Facing capital pressures and a poor market performance, most traders were cautious about supplementing inventories and they refused to build large stocks. Seeing the current price is running at a low level, insiders think it is likely to stop going down sharply next month.
