Chinese seamless pipe prices stable, welded pipe prices fall

In the past week, the local Chinese steel pipe market has seen a mainly stable trend for seamless pipe prices and a downward trend for welded pipe prices.

Local Chinese seamless pipe prices have followed a mostly stable trend in the past week. Overall trading activity has increased and been at normal levels. Upstream billet prices and other raw material prices have recently softened but, since demand for seamless pipes has increased, most traders have chosen to keep their quoted prices stable. But certain traders who are under pressure from their inventories have given some discounts when closing deals. As for the week ahead, it is believed that local seamless pipe prices may follow a stable trend, with slight downticks also possible

Chinese domestic welded pipe prices have continued their downward trend in the past seven days. Overall trading activity has been at normal levels. Upstream steel strip and other raw material prices have moved down and this has been the main factor contributing to the decreases in welded pipe prices. But the decrease margin has been relatively small as demand has increased slightly. As for the week ahead, it is believed that welded pipe prices in China may fluctuate on a slightly soft trend.  

Seamless pipe prices

 All the above prices include 13 percent VAT.

Welded pipe prices

All the above prices include 13 percent VAT.