The local Chinese steel pipe prices have mostly followed a downtrend during the past week.
Chinese seamless pipe prices have mostly declined during the past week. Overall trading activity has remained weak. Upstream billet prices have slightly fluctuated and traders mostly adjust their quoted price according to their inventory level. As for the week ahead, considering during end of year period, it is believed that seamless pipe prices may follow a downtrend.
Chinese welded pipe prices have continued to see declines mostly during the past week. Overall trading activity has been weak due to off-season and cold weather. Upstream steel strip prices and other raw material prices have fluctuated which continued to support welded pipe prices. But most traders choose to reduce their quoted price in order to close more deals during end of year period. As for the week ahead, it is believed that welded pipe prices may continue to move slightly downwards.
Seamless pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
4,460 |
620 |
20 |
Guangzhou |
4,470 |
622 |
-30 |
||
Beijing |
4,500 |
626 |
0 |
||
Average price |
4,477 |
623 |
-3 |
||
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
4,430 |
616 |
20 |
Guangzhou |
4,410 |
613 |
-30 |
||
Beijing |
4,350 |
605 |
0 |
||
Average price |
4,397 |
611 |
-3 |
All the above prices include 13 percent VAT.
Welded pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
3,930 |
547 |
-20 |
Guangzhou |
4,010 |
558 |
0 |
||
Beijing |
3,770 |
524 |
-50 |
||
Average price |
3,903 |
543 |
-23 |
||
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
3,800 |
529 |
-20 |
Guangzhou |
4,010 |
558 |
0 |
||
Beijing |
3,700 |
515 |
-50 |
||
Average price |
3,837 |
534 |
-23 |
All the above prices include 13 percent VAT.
$1 = RMB 7.190
