The local Chinese steel pipe prices have fluctuated with downticks during the past week.
Chinese seamless pipe prices have remained mostly stable with slightly rebounding trend during the past week. Overall trading activity has been weak. Upstream billet prices have seen slight declines but most traders choose to hold their quoted prices stable for now. As for the week ahead, considering that the support from the cost side is getting weak, it is believed that seamless pipe prices may follow a downward trend.
Chinese welded pipe prices have moved down during the past week. Overall trading activity has remained weak. Upstream steel strip prices and other raw material prices have decreased which leading traders choose to follow. Meanwhile, because of the year-end, most traders are willing to cut their quoted price in order to close more deals. As for the week ahead, it is believed that welded pipe prices may continue to see slight downtrend.
Seamless pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
4,440 |
617 |
50 |
Guangzhou |
4,500 |
626 |
0 |
||
Beijing |
4,500 |
626 |
0 |
||
Average price |
4,480 |
623 |
17 |
||
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
4,410 |
613 |
50 |
Guangzhou |
4,440 |
617 |
0 |
||
Beijing |
4,350 |
605 |
0 |
||
Average price |
4,400 |
612 |
17 |
All the above prices include 13 percent VAT.
Welded pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
3,950 |
549 |
-50 |
Guangzhou |
4,010 |
558 |
-40 |
||
Beijing |
3,820 |
531 |
-40 |
||
Average price |
3,927 |
546 |
-43 |
||
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
3,820 |
531 |
-50 |
Guangzhou |
4,010 |
558 |
-40 |
||
Beijing |
3,750 |
521 |
-40 |
||
Average price |
3,860 |
537 |
-43 |
All the above prices include 13 percent VAT.
$1 = RMB 7.191
