Local Chinese steel pipe market remains on upward trend

Thursday, 20 July 2017 16:59:58 (GMT+3)   |   Shanghai
       

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


Similar articles

US structural pipe and tube exports down 7.3 percent in September

28 Nov | Steel News

GCC to announce definitive safeguard measures against certain steel imports

10 May | Steel News

Turkish welded pipe producers’ export prices remain stable

07 Aug | Tube and Pipe

Local Turkish welded pipe prices remain stable

02 Aug | Tube and Pipe

Local Chinese steel pipe prices indicate slight fluctuations

01 Aug | Tube and Pipe

Turkish welded pipe producers' export prices remain stable

31 Jul | Tube and Pipe

Chinese steel pipe export offer prices move sideways

31 Jul | Tube and Pipe

Local Chinese steel pipe prices mostly remain stable

25 Jul | Tube and Pipe

Local Turkish welded pipe offers remain stable

12 Jul | Tube and Pipe

Local Chinese steel pipe prices soften slightly or move sideways

11 Jul | Tube and Pipe