Chinese pipe market price showed a fluctuating up and down trend 

Thursday, 31 August 2017 12:50:59 (GMT+3)   |   Shanghai
       

During the past week, prices in the local Chinese steel pipe market have followed different trends.

As of August 31 in China's three main steel markets, i.e., Shanghai, Guangzhou and Beijing, the average price of 20# (GB/T8162-1999) grade 108 mm x 4.5 mm seamless pipe now stands at $811/mt (RMB 5,350/mt), with 20# (GB/T8163-1999) grade 219 mm x 6 mm seamless pipe at $808/mt (RMB 5,333/mt). Meanwhile, on the same date, Q195-215 grade 48 mm x 3.25 mm welded pipe and Q215-235 grade 114 mm x 3.75 mm welded pipe prices in the above markets are standing at $684/mt (RMB 4,517/mt) and $680/mt (RMB 4,487/mt) respectively. All the above prices include 17 percent VAT.

The Chinese seamless pipe market price has recorded a slight upward trend in past seven days, since upstream billet prices has fluctuated upwards. However, trading activity in the market has been weak amid weak demand from downstream users. As for next week, it is believed that seamless pipe may continue to fluctuate in an upward direction.

In the past week, the local Chinese welded pipe market has followed diverse trends, while overall trading activity was slack. Prices in the market have decreased in line with the downward movement of raw material and steel strip prices in Chinese futures and spot markets. However, the prices have started to increase recently amid the National Athletic Games being held at Tianjin and since production volumes have decreased significantly due to environment issues. As for next week, it is believed that the welded pipe market price may keep fluctuating trend.

 

Product Name

Spec.

Category

City

Steel Plant/Origin

Price (RMB/mt)

Price ($/mt)

Weekly Change (RMB/mt)

Seamless pipe

Φ108 mm x 4.5 mm

20# (GB/T8162-1999)

Shanghai

Wuxi

5,300

804

100

Guangzhou

Shandong

5,450

827

50

Beijing

Angang

5,300

804

100

Average price

-

5,350

812

83

Φ219 mm x 6 mm

20# (GB/T8163-1999)

Shanghai

Zhenda

5,300

804

100

Guangzhou

Angang

5,450

827

100

Beijing

Shandong

5,250

797

100

Average price

-

5,333

809

100

Welded pipe

Φ48 mm x 3.25 mm

Q195-Q215

Shanghai

Tangshan

4,550

690

↓70

Guangzhou

Guangzhou

4,550

690

↓120

Beijing

Jinghua

4,450

675

40

Average price

-

4,517

685

50

Ф114 mm x 3.75 mm

Q215-Q235

Shanghai

Huaqi

4,460

677

70

Guangzhou

Guangzhou

4,550

690

120

Beijing

Zengzhou

4,450

675

110

Average price

-

4,486

681

27

 

17 percent VAT is included in all prices and all prices are ex-warehouse.

$1 = RMB 6.60


Tags: Far East 

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