Local Chinese steel pipe market indicates rising trend

Thursday, 15 June 2017 16:13:55 (GMT+3)   |   Shanghai
       

The local Chinese steel pipe market has mostly followed an upward trend during the past week.
 
As of June 15, 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 $618/mt (RMB 4,200/mt), with 20# (GB/T8163-1999) grade 219 mm x 6 mm seamless pipe at $637/mt (RMB 4,333/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 $544/mt (RMB 3,697/mt) and $538/mt (RMB 3,660/mt) respectively. All the above prices include 17 percent VAT. 

The local Chinese seamless pipe market has mainly indicated a rising trend during the past week amid higher billet prices, though demand in the market has remained sluggish. As for the coming week, it is believed that domestic seamless pipe prices will just indicate slight fluctuations. 

The Chinese domestic welded pipe market has moved on an upward trend during the past week with the support of higher steel strip prices, though price increase margins for welded pipe have varied according to different regions in line with demand levels. Demand in the south of the country has increased strongly, while demand in the east has been weak, with demand in the north of China at normal levels. It is thought that domestic welded pipe prices may continue to follow an upward trend in the week ahead with support from steel futures prices and prices of steel strip. 
 
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 4,050 596 ↑50
Guangzhou Shandong 4,400 647 ↑50
Beijing Angang 4,150 610 ↑50
Average price - 4,200 618 ↑50
Φ219 mm x 6 mm 20# (GB/T8163-1999) Shanghai Zhenda 4,200 618 0
Guangzhou Angang 4,500 662 ↑50
Beijing Shandong 4,300 632 ↑50
Average price - 4,333 637 ↑33
Welded pipe Φ48 mm x 3.25 mm Q195-Q215 Shanghai Tangshan 3,660 538 ↑10
Guangzhou Guangzhou 3,860 568 ↑150
Beijing Jinghua 3,570 525 ↑40
Average price - 3,697 544 ↑67
Ф114 mm x 3.75 mm Q215-Q235 Shanghai Huaqi 3,620 532 ↑10
Guangzhou Guangzhou 3,860 568 ↑150
Beijing Zengzhou 3,500 515 ↑40
Average price - 3,660 538 ↑67
 

17 percent VAT is included in all prices and all prices are ex-warehouse.
 
$1 = RMB 6.80


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