Chinese pipe market prices mostly stable

Thursday, 12 September 2019 17:39:08 (GMT+3)   |   Shanghai
       

The local Chinese steel pipe market prices have showed a mostly stable with slightly upward trend during past week.

Chinese seamless pipe market prices have showed a stable trend during past week. Overall trading activity has been at a low level. Since the Mid-Autumn Festival, downstream mostly hold a wait and see stance. Supply volume recently has increased which lead the market inventory has been at a normal level. As for the week ahead, it is believed seamless pipe market prices may mostly hold a stable trend. 

Chinese welded pipe market prices have showed a mostly stable with slightly upward trend. Upstream steel strip and other raw material have showed an upward trend, which has caused certain traders choose to follow. But most traders are willing to hold the prices stable in order to close more deals. Mid-Autumn Festival lead the trading activity remained at low level. As for the week ahead, it is believed that welded pipe market prices may show a mostly stable trend.

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

4,700

664

0

Guangzhou

Shandong

4,950

699

0

Beijing

Angang

4,600

650

0

Average price

-

4,750

671

0

Φ219 mm x 6 mm

20# (GB/T8163-1999)

Shanghai

Zhenda

4,750

671

0

Guangzhou

Angang

5,000

706

0

Beijing

Shandong

4,700

664

0

Average price

-

4,817

680

0

Welded pipe

Φ48 mm x 3.25 mm

Q195-Q215

Shanghai

Tangshan

4,290

606

+60

Guangzhou

Guangzhou

4,380

619

0

Beijing

Jinghua

4,150

586

0

Average price

-

4,273

604

+20

Ф114 mm x 3.75 mm

Q215-Q235

Shanghai

Huaqi

4,230

597

+60

Guangzhou

Guangzhou

4,380

619

0

Beijing

Zengzhou

4,080

576

0

Average price

-

4,230

597

+20

 All the above prices include 13 percent VAT.

 $1 = RMB 7.08

 


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