Why Drill Pipe Prices Still Decline

Classification:

Industry dynamics

Release time:

2019-01-09

【Summary Description】 Why is the price of drill pipe still falling? It was reported on the 24th that the price of 62% imported refined iron powder reached 99.4 US dollars per ton, down 10.8 US dollars per week. The industry may be approaching the bottom. On the 27th, traders were struggling with the distribution policy. 63.5 percent of Indian fine ore futures were quoted at US $106-US $108 per ton, falling sharply below the psychological threshold of US $120 per ton. Compared with the quotation of more than US $200 per ton at the beginning of the year, it is close to "halving"., Recent ore prices have fallen to their lowest levels since late 2009. 28, water well drill pipe price analysts said that the next period of time.

Drill pipe priceWhy is it still declining?

 

On the 24th, it was reported that the quotation for 62% grade imported refined iron powder reached 99.4 US dollars per ton, down 10.8 US dollars in a week. Industry insiders may be approaching the bottom.

 

On the 27th, traders were struggling with the distribution policy. 63.5 percent of Indian fine ore futures were quoted at US $106-US $108 per ton, falling sharply below the psychological threshold of US $120 per ton. Compared with the quotation of more than US $200 per ton at the beginning of the year, it is close to "halving"., Recent ore prices have fallen to their lowest levels since late 2009.

 

28,water well drill pipePrice analysts say that for some time to comewater well drill pipePrice quotations will continue to explore rescue measures, "but it is not far from the bottom to avoid losses. what is missing now is a node and a thrust to push traders to buy goods, steel mills to stock up and pushwater well drill pipeThe price market is improving."

Key words:

weilida drill