Chinese pipe prices remain mostly stable

Thursday, 30 July 2020 15:21:12 (GMT+3)   |   Shanghai
       

The local Chinese steel pipe prices have indicated a mostly stable with slightly reduced trend during the past week.

Chinese seamless pipe prices have maintained a mostly stable trend during the past week. Overall trading activity has been weak amid off-season and rainy weather. Upstream billet prices recently showed a slight uptrend but traders are mostly under pressure of funding at the end of the month and not willing to increase their prices. Market inventory has increased which also gives certain pressure to seamless pipe prices. For the week ahead, it is believed that seamless pipe market prices may follow a slightly reduce trend.

Chinese welded pipe prices have indicated a slight decline during the past week. Overall trading activity has been weak. Upstream steel strip and other raw material prices first reduced before rebounding trend. At the end of the month, traders chose to reduce prices to close more deals. For the week ahead, it is believed that welded pipe prices may continue a slightly reduce 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

4,300

615

0

Guangzhou

4,600

658

0

Beijing

4,600

658

0

Average price

4,500

644

0

Φ219 mm x 6 mm

20# (GB/T8163-1999)

Shanghai

4,350

622

0

Guangzhou

4,600

658

0

Beijing

4,700

672

0

Average price

4,550

651

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

4,170

597

0

Guangzhou

4,370

625

-50

Beijing

4,280

612

-20

Average price

4,273

611

-23

Ф114 mm x 3.75 mm

Q215-Q235

Shanghai

4,180

598

0

Guangzhou

4,370

625

-50

Beijing

4,210

602

-20

Average price

4,253

608

-23

All the above prices include 13 percent VAT.

$1 = RMB 6.990


Most Recent Related Articles

Local Chinese steel pipe prices fluctuate slightly

Local Chinese steel pipe prices decline

Local Chinese pipe prices rebound slightly

Local Chinese pipe prices continue to fall significantly

Local Chinese steel pipe prices indicate significant decreases