The local Chinese steel pipe prices have remained stable with slight downticks during the past week.
Chinese seamless pipe prices have remained unchanged during the past week. Overall trading activity has still been at a low level. Upstream billet prices have showed a slightly rebounding trend but considering the weakness of demand side, most traders choose to hold their quoted prices stable. As for the week ahead, it is believed that seamless pipe prices may see small fluctuations.
Chinese welded pipe prices have moved sideways with slight downticks during the past week. Overall trading activity has been weak. Upstream steel strip prices and other raw material prices have rebounded slightly but in order to close more deals, most traders choose to reduce their quoted prices. As for the week ahead, it is believed that welded pipe prices may fluctuate with slight uptrend.
Seamless pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
4,350 |
610 |
0 |
Guangzhou |
4,610 |
647 |
0 |
||
Beijing |
4,520 |
634 |
0 |
||
Average price |
4,493 |
630 |
0 |
||
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
4,320 |
606 |
0 |
Guangzhou |
4,530 |
635 |
0 |
||
Beijing |
4,410 |
619 |
0 |
||
Average price |
4,420 |
620 |
0 |
All the above prices include 13 percent VAT.
Welded pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
3,730 |
523 |
0 |
Guangzhou |
3,690 |
518 |
-10 |
||
Beijing |
3,650 |
512 |
-30 |
||
Average price |
3,690 |
518 |
-13 |
||
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
3,600 |
505 |
0 |
Guangzhou |
3,690 |
518 |
-10 |
||
Beijing |
3,580 |
502 |
-30 |
||
Average price |
3,623 |
508 |
-13 |
All the above prices include 13 percent VAT.
$1 = RMB 7.130
