The local Chinese steel pipe prices have followed a mostly stable with slight declines.
Chinese seamless pipe prices have remined stable during the past week. Overall trading activity has been weak amid offseason. Upstream billet prices have indicated a slightly rebounding trend which gives certain support to seamless pipe prices. However, due to weak demand, most traders choose to hold their quoted prices stable in order to close more deals. As for the week ahead, it is believed that seamless pipe prices may continue to see a mostly stable trend.
Chinese welded pipe prices have seen some declines during past week. Overall trading activity has been at a weakness level. Upstream steel strip prices have followed a fluctuating trend with small increases which gives certain support to welded pipe prices. But certain traders choose to slightly decrease their quoted prices in order to close more deals during offseason. As for the week ahead, it is believed that welded pipe prices may continue to remain stable with a soft trend again.
Seamless pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ108 mm x 4.5 mm | 20# (GB/T8162-1999) | Shanghai | 4,240 | 591 | 0 |
| Guangzhou | 4,370 | 609 | 0 | ||
| Beijing | 4,300 | 599 | 0 | ||
| Average price | 4,303 | 600 | 0 | ||
| Φ219 mm x 6 mm | 20# (GB/T8163-1999) | Shanghai | 4,210 | 587 | 0 |
| Guangzhou | 4,280 | 597 | 0 | ||
| Beijing | 4,210 | 587 | 0 | ||
| Average price | 4,233 | 590 | 0 |
All the above prices include 13 percent VAT.
Welded pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ48 mm x 3.25 mm | Q195-Q215 | Shanghai | 3,650 | 509 | 0 |
| Guangzhou | 3,610 | 503 | -20 | ||
| Beijing | 3,580 | 499 | -10 | ||
| Average price | 3,613 | 504 | -10 | ||
| Ф114 mm x 3.75 mm | Q215-Q235 | Shanghai | 3,520 | 491 | 0 |
| Guangzhou | 3,610 | 503 | -20 | ||
| Beijing | 3,510 | 489 | -10 | ||
| Average price | 3,547 | 494 | -10 |
All the above prices include 13 percent VAT.
$1 = RMB 7.173
