Negative factors prevail in Chinese domestic steel pipe market

Thursday, 26 May 2016 16:56:34 (GMT+3)   |   Shanghai
       

The local Chinese steel pipe market has moved on a soft trend in the past seven days.   
 
As of May 26, 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 $479/mt, with 20# (GB/T8163-1999) grade 219 mm x 6 mm seamless pipe at $500/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 $388/mt and $391/mt respectively. All the above prices include 17 percent VAT. 
 
The Chinese domestic seamless pipe market has moved on a declining trend in the past week amid slack demand and lower billet prices. As for the coming week, it is believed that room still exists for further decreases in domestic seamless pipe prices. 

The local Chinese welded pipe market has followed a downward trend in the past week, while trading activity has remained at low levels. An improvement in demand does not appear likely. Meanwhile, upstream steel strip prices have been characterized by softness. As for the coming week, it is thought that the domestic welded pipe market will trend down further.

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

2,800

427

↓100

Guangzhou

Shandong

3,400

518

↓100

Beijing

Angang

3,000

457

↓150

Average price

-

3,067

468

↓116

Φ219 mm x 6 mm

20# (GB/T8163-1999)

Shanghai

Zhenda

2,950

450

↓100

Guangzhou

Angang

3,500

534

↓100

Beijing

Shandong

3,150

480

↓100

Average price

-

3,200

488

↓100

Welded pipe

Φ48 mm x 3.25 mm

Q195-Q215

Shanghai

Tangshan

2,450

373

↓80

Guangzhou

Guangzhou

2,650

404

↓50

Beijing

Jinghua

2,350

358

↓200

Average price

-

2,484

379

↓109

Ф114 mm x 3.75 mm

Q215-Q235

Shanghai

Huaqi

2,500

381

↓150

Guangzhou

Guangzhou

2,650

404

↓50

Beijing

Zengzhou

2,350

358

↓200

Average price

-

2,500

381

↓133

 
 
17 percent VAT is included in all prices and all prices are ex-warehouse.
 
$1 = RMB 6.56


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