Poor activity in local Chinese steel pipe market

Thursday, 29 December 2016 16:13:51 (GMT+3)   |   Shanghai
       

The local Chinese steel pipe market has mostly followed a downward trend during the past week.

As of December 29, 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 $630/mt (RMB 4,380/mt), with 20# (GB/T8163-1999) grade 219 mm x 6 mm seamless pipe at $633/mt (RMB 4,397/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 $515/mt (RMB 3,580/mt) and $518/mt (RMB 3,603/mt) respectively. All the above prices include 17 percent VAT. ($1 = RMB 6.95)
 
The Chinese domestic seamless pipe market has mainly moved on a soft trend in the past seven days amid the ongoing weakness of demand and lower billet prices. It is believed that seamless pipe prices will fluctuate in a downward direction in the week ahead.
 
Local Chinese welded pipe prices have decreased during the past week. Bad weather conditions have contributed to the weakness of demand. Traders have reduced their prices in order to attract business, but with little success. Domestic welded pipe prices are expected to continue their downward trend in the coming week.

Product NameSpec.CategoryCitySteel Plant/OriginPrice (RMB/mt)Price ($/mt)Weekly Change (RMB/mt)
Seamless pipeΦ108 mm x 4.5 mm20# (GB/T8162-1999)ShanghaiWuxi4,150597↓140
GuangzhouShandong4,6906750
BeijingAngang4,300619↓40
Average price-4,380630↓60
Φ219 mm x 6 mm20# (GB/T8163-1999)ShanghaiZhenda4,200604↓90
GuangzhouAngang4,7406820
BeijingShandong4,250612↓40
Average price-4,397633↓43
Welded pipeΦ48 mm x 3.25 mmQ195-Q215ShanghaiTangshan3,570514↓130
GuangzhouGuangzhou3,750540↓70
BeijingJinghua3,420492↓60
Average price-3,580515↓87
Ф114 mm x 3.75 mmQ215-Q235ShanghaiHuaqi3,610519↓130
GuangzhouGuangzhou3,800547↓70
BeijingZengzhou3,400489↓60
Average price-3,603518↓87

17 percent VAT is included in all prices and all prices are ex-warehouse.
 
$1 = RMB 6.95


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