The local Chinese steel pipe market has indicated both stable and slightly upward movements in the past seven days.
As of April 7, 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 $453/mt, with 20# (GB/T8163-1999) grade 219 mm x 6 mm seamless pipe at $469/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 $413/mt and $420/mt respectively. All the above prices include 17 percent VAT.
The local Chinese seamless pipe market has followed a stable trend in the past week. Overall trading activity has remained weak, with recent rainy weather causing demand to slacken. However, upstream billet prices have risen slightly. Traders are mostly maintaining a wait-and-see stance. As for the coming week, it is believed that the stable market trend will continue, while prices could also rise if demand improves.
The Chinese domestic welded pipe market has indicated a slight uptrend during the past seven days. Trading activity is still sluggish, while upstream steel strip prices have increased slightly. It is believed that, with the weather becoming warmer, demand volumes may improve in the near future. For the week ahead, local welded pipe prices may follow a mostly stable trend, with slight upticks also.
| Product Name | Spec. | Category | City | Steel Plant/Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Seamless pipe | Φ108 mm x 4.5 mm | 20# (GB/T8162-1999) | Shanghai | Wuxi | 2,800 | 433 | 0 |
| Guangzhou | Shandong | 3,150 | 487 | 0 | |||
| Beijing | Angang | 2,700 | 417 | 0 | |||
| Average price | - | 2,884 | 446 | 0 | |||
| Φ219 mm x 6 mm | 20# (GB/T8163-1999) | Shanghai | Zhenda | 2,900 | 448 | 0 | |
| Guangzhou | Angang | 3,250 | 502 | 0 | |||
| Beijing | Shandong | 2,850 | 440 | 0 | |||
| Average price | - | 3,000 | 464 | 0 | |||
| Welded pipe | Φ48 mm x 3.25 mm | Q195-Q215 | Shanghai | Tangshan | 2,570 | 397 | ↑40 |
| Guangzhou | Guangzhou | 2,800 | 433 | ↑50 | |||
| Beijing | Jinghua | 2,550 | 394 | ↑50 | |||
| Average price | - | 2,640 | 408 | ↑46 | |||
| Ф114 mm x 3.75 mm | Q215-Q235 | Shanghai | Huaqi | 2,720 | 420 | ↑90 | |
| Guangzhou | Guangzhou | 2,800 | 433 | ↑50 | |||
| Beijing | Zengzhou | 2,550 | 394 | ↑50 | |||
| Average price | - | 2,690 | 416 | ↑63 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.47