- Raw material prices show mixed trends w-o-w
- Market sentiment remains cautious amid sharp fluctuations
Indian ERW patra pipe prices climbed to a six-month high during the week ended 13 February in both Raipur and Mandi Gobindgarh, supported by firm gains in key raw materials such as HR strip (patra) and billet. Rising input costs encouraged manufacturers to maintain elevated offer levels.
However, sharp day-to-day price volatility and uncertainty over the sustainability of the price rise kept market sentiment cautious. Buying activity remained largely restricted to immediate, need-based purchases, as buyers continued to adopt a wait-and-watch approach amid unclear price direction.
Toward the end of the week, ERW patra pipe prices (41-60 OD) showed mixed trends across regions. Prices in Raipur rose on a weekly basis, while Mandi Gobindgarh prices eased slightly, reflecting divergent movements in raw material costs.
On a d-o-d basis priced dropped, with Raipur prices falling by INR 100/t to INR 44,100/t exw on 13 February from INR 44,200/t on 12 February and Mandi Gobindgarh prices declining by INR 400/t to INR 47,000/t exw, compared with INR 47,400/t exw a day earlier. Listed prices are ex-works (exw) and exclude 18% GST.
Weekly Price Trends
Raipur: Pipe prices in Raipur remained firm throughout the week, supported by an uptrend in raw material costs. Despite day-to-day fluctuations, prices sustained upward momentum and closed the week higher. Prices increased by INR 600/t w-o-w to INR 44,100/t exw-Raipur on 13 February, compared with INR 43,500/t on 6 February. Trading activity remained subdued amid sharp volatility, limiting purchases largely to immediate, need-based requirements.
Mandi Gobindgarh: Pipe prices in Mandi Gobindgarh rose sharply at the beginning of the week but later corrected toward the end, resulting in a weekly decline. Prices edged down by INR 300/t w-o-w to INR 47,000/t exw-Mandi Gobindgarh on 13 February from INR 47,300/t a week earlier. Sharp price fluctuations reduced buying momentum, resulting in limited transactions and sluggish market activity throughout the week.
Raw Material Prices
HR Strip (Patra): HR strip (patra) prices in Raipur rose by INR 800/t w-o-w to INR 43,700/t exw on 13 February, compared with INR 42,900/t exw on 6 February. Meanwhile, patra prices in Mandi Gobindgarh fell by INR 300/t w-o-w to INR 46,000/t exw, down from INR 46,300/t a week earlier.
Billet: Billet prices in Raipur rose by INR 500/t w-o-w to INR 41,650/t exw on 13 February, compared with INR 41,150/t in the previous week. In Mandi Gobindgarh, billet prices stood at INR 44,800/t exw, down by INR 200/t w-o-w from INR 45,000/t on 6 February.
Outlook
ERW patra pipe prices are likely to remain volatile in the coming week, with further movements largely influenced by raw material cost trends and evolving demand conditions. Buyers are likely to remain cautious until prices show some stability and a clearer direction emerge. Overall, market sentiment is expected to remain mixed until clear signs of demand recovery emerge.
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