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
