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 $841/mt, with 20# (GB/T8163-1999) grade 219 mm x 6 mm seamless
pipe at $876/mt. Meanwhile, 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 $705/mt and $709/mt. All the above prices include 17 percent VAT.
The seamless
pipe market in
China has remained stable in the past week. Demand is relatively low and traders are not inclined to change their quoted prices before the Spring Festival holiday. Influenced by global economic uncertainty, traders are not very confident as regards the prospects for the future trend of the market.
The Chinese welded
pipe market has also indicated sideways movement in the past week. Most traders have been trying to limit their inventory levels. New deals have been scarce, and so it has been difficult for transaction prices to influence the market.