Local Chinese steel pipe market follow different trends

Thursday, 14 September 2017 15:25:42 (GMT+3)   |   Shanghai
       

The local Chinese steel pipe market has mostly fluctuated on an sideays trend, with slight upticks during the past week.

As of September 14 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 $837mt (RMB 5,483/mt), with 20# (GB/T8163-1999) grade 219 mm x 6 mm seamless pipe at $835/mt (RMB 5,467/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 $700/mt (RMB 4,583/mt) and $695/mt (RMB 4,553/mt) respectively. All the above prices include 17 percent VAT.

Average prices in the local Chinese seamless pipe market have moved upwards over the past week, due to slight price upticks in certain products. Upstream billet prices continue to increase, providing certain support to seamless pipe market prices. Even though the lively season in terms of trading activity has already started, seamless pipe demand in China is still weak. It is believed that prices in the local Chinese seamless pipe market will mostly remain unchanged in the coming period.

Meanwhile, prices in the local Chinese welded pipe market have remained stable over the past week, since the prices of steel strip and raw materials have fluctuated in small range. Trading activity was normal, while the production cuts due to environment issues also provide support to welded pipe prices. It is expected that prices in the local Chinese welded pipe market will increase in the next week.

 

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

5,350

817

0

Guangzhou

Shandong

5,600

855

0

Beijing

Angang

5,500

840

↑100

Average price

-

5,483

837

↑33

Φ219 mm x 6 mm

20# (GB/T8163-1999)

Shanghai

Zhenda

5,350

817

0

Guangzhou

Angang

5,600

855

↑50

Beijing

Shandong

5,450

832

↑100

Average price

-

5,466

835

↑50

Welded pipe

Φ48 mm x 3.25 mm

Q195-Q215

Shanghai

Tangshan

4,600

702

0

Guangzhou

Guangzhou

4,650

710

0

Beijing

Jinghua

4,500

687

0

Average price

-

4,577

699

0

Ф114 mm x 3.75 mm

Q215-Q235

Shanghai

Huaqi

4,510

689

0

Guangzhou

Guangzhou

4,650

710

0

Beijing

Zengzhou

4,500

687

0

Average price

-

4,553

695

0

 

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

$1 = RMB 6.55


Tags: Far East 

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