The local Chinese steel pipe market has continued to move in an upward direction in the past week.
As of July 20, 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 $682/mt (RMB 4,617/mt), with 20# (GB/T8163-1999) grade 219 mm x 6 mm seamless pipe at $677/mt (RMB 4,583/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 $607/mt (RMB 4,110/mt) and $599/mt (RMB 4,057/mt) respectively. All the above prices include 17 percent VAT.
With the support of higher billet prices, the local Chinese seamless pipe market has followed a rising trend in the past seven days despite the ongoing slackness of trading activity. Most traders are focusing on sales since prices are considered to be at high levels. However, downstream demand is still weak due to the current off-season. As for the coming week, it is believed that local seamless pipe prices may fluctuate slightly, with minor downticks possible following recent increases.
The Chinese domestic welded pipe market has indicated slight upticks in the past week on the back of higher prices of steel strip and raw material, though trading activity for welded pipe has remained at low levels. Traders are unwilling to build up their stocks at present. It is thought that local welded pipe prices may just indicate slight fluctuations in the week ahead.
Product Name |
Spec. |
Category |
City |
Steel Plant/Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Seamless pipe |
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
Wuxi |
4,500 |
665 |
↑100 |
Guangzhou |
Shandong |
4,800 |
709 |
↑50 |
|||
Beijing |
Angang |
4,550 |
672 |
↑150 |
|||
Average price |
- |
4,617 |
682 |
↑100 |
|||
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
Zhenda |
4,500 |
665 |
↑50 |
|
Guangzhou |
Angang |
4,800 |
709 |
↑50 |
|||
Beijing |
Shandong |
4,450 |
657 |
↑50 |
|||
Average price |
- |
4,583 |
677 |
↑50 |
|||
Welded pipe |
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
Tangshan |
4,140 |
612 |
↑60 |
Guangzhou |
Guangzhou |
4,200 |
620 |
↑50 |
|||
Beijing |
Jinghua |
3,990 |
589 |
↑50 |
|||
Average price |
- |
4,110 |
607 |
↑53 |
|||
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
Huaqi |
4,050 |
598 |
↑60 |
|
Guangzhou |
Guangzhou |
4,200 |
620 |
↑50 |
|||
Beijing |
Zengzhou |
3,920 |
579 |
↑50 |
|||
Average price |
- |
4,057 |
599 |
↑53 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.77