Chinese seamless pipe prices stable, welded pipe prices fall

Friday, 03 April 2020 12:31:49 (GMT+3)   |   Shanghai
       

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

Spec

Category

Origin

Price (RMB/mt)

Price ($/mt)

Weekly change (RMB/mt)

Φ108 mm x 4.5 mm

20# (GB/T8162-1999)

Shanghai

4,400

620

0

Guangzhou

4,600

648

0

Beijing

4,540

639

0

Average price

4,513

636

0

Φ219 mm x 6 mm

20# (GB/T8163-1999)

Shanghai

4,450

627

0

Guangzhou

4,700

662

0

Beijing

4,640

654

0

Average price

4,597

647

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

4,030

568

-30

Guangzhou

4,140

583

-60

Beijing

3,970

559

-30

Average price

4,047

570

-40

Ф114 mm x 3.75 mm

Q215-Q235

Shanghai

3,970

559

-30

Guangzhou

4,140

583

-60

Beijing

3,900

549

-30

Average price

4,003

564

-40

All the above prices include 13 percent VAT.


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