MRC Global Volume 9 Issue 1 May 2018 InSight
MRC Global InSight

Asia Pacific

In the Asia Pacific region, the market has regained some confidence in response to a higher level of oil prices. Spending has increased for maintenance requirements in downstream markets that were previously delayed during the period of low oil prices. The PVF market remains competitive, and lead times are increasing again as plants become more loaded. Prices are also rising in response to this increased demand, as well as the introduction of more stringent fugitive emissions regulations in China.

Major CAPEX projects for the IOCs remain subdued. However, developments on major projects are gaining momentum, as evidenced by an uptick in EPC FEED enquiries. We are also seeing previously delayed projects regather momentum and we are actively involved in pursuing these opportunities.

In Q1 2018, MRC Global opened a new sales office in Shanghai and is focused on adding value to Chinese-based international customers and EPCs. In southeast Asia, in particular, the downstream segment is busy executing brownfield projects to enhance and expand existing plants. Australasia has settled into a ‘normal’ market after the Australian capital investment boom, and is becoming a very competitive and well-contested market for MRC Global and its competitors.

MRC Global continues to support our customers in areas where they are active and invest in future opportunities as they arise.


MRC Global continues to support our customers in areas where they are active and invest in future opportunities as they arise.