The local Chinese steel pipe prices have followed a mostly slightly decrease trend during the past week.
Chinese seamless pipe prices have slightly declined during the past week. Overall trading activity has been weak. Upstream billet prices showed a fluctuation with slight downward trend which mainly lead seamless pipe prices to follow. As for the week ahead, considering the demand side may see a slight recovery but raw material prices may still remain weak, it is believed that seamless pipe prices may follow a slight fluctuating trend.
Chinese welded pipe prices have remained stable with slight reductions during the past week. Overall trading activity has slightly increased and been at a normal level which gives certain support to welded pipe prices. Upstream steel strip and other raw material prices showed a fluctuating trend. As for the week ahead, considering the support from demand side may increase, it is believed that welded pipe prices may fluctuate with slight upticks.
Seamless pipe prices
|
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
|
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
5,300 |
767 |
-50 |
|
Guangzhou |
5,570 |
806 |
-10 |
||
|
Beijing |
5,430 |
786 |
0 |
||
|
Average price |
5,433 |
786 |
-20 |
||
|
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
5,270 |
763 |
-50 |
|
Guangzhou |
5,490 |
795 |
-10 |
||
|
Beijing |
5,310 |
768 |
0 |
||
|
Average price |
5,357 |
775 |
-20 |
All the above prices include 13 percent VAT.
Welded pipe prices
|
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
|
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
4,460 |
645 |
-30 |
|
Guangzhou |
4,540 |
657 |
0 |
||
|
Beijing |
4,470 |
647 |
0 |
||
|
Average price |
4,490 |
650 |
-10 |
||
|
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
4,470 |
647 |
-30 |
|
Guangzhou |
4,540 |
657 |
0 |
||
|
Beijing |
4,390 |
635 |
0 |
||
|
Average price |
4,467 |
646 |
-10 |
All the above prices include 13 percent VAT.
$1 = RMB 6.910