Pessimistic sentiment prevails in Bulgarian welded pipe market

Wednesday, 11 March 2015 18:21:28 (GMT+3)   |  
       

Trading activity has remained slack in the Bulgarian market for welded pipes amid ongoing cold weather conditions and the continuing downtrends in the global market. Domestic prices for Bulgarian welded pipes have declined by BGN 20-30/mt ($49-55/mt) over the past two weeks, while export quotations have fallen by €5-10/mt ($45-52/mt) under pressure from cheaper feedstock material and lack of demand in the market. Market players believe domestic and overseas buying activity for Bulgarian welded pipes is unlikely to liven up in the short term in the light of pessimistic market sentiments.


Current offers of locally produced welded pipes and hollow sections of 2-5 mm wall thickness made from S235JR grade hot rolled coil (HRC) according to EN 10219 are being given to the Bulgarian domestic market at around BGN 930-950/mt ($503-514/mt) ex-works, exclusive of 20 percent VAT and on theoretical weight basis.


Export quotations of Bulgarian ERW pipes and hollow sections of 2-5 mm wall thickness made from S235JR grade HRC as per EN 10219 are at levels of €470-490/mt ($498-519/mt) ex-works on theoretical weight basis.


In particular, export offers of Bulgarian pipes to Germany are at levels of €470-480/mt ($497-508/mt) ex-works, while offers to Poland and Hungary are at €480-490/mt ($508-518/mt) ex-works. Export quotations of Bulgarian water and gas pipes according to EN 10255 are at €490-520/mt ($518-550/mt) ex-works.


$1 = BGN 1.85
€1 = $1.06


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