SteelOrbis has learned that Chinese offering prices for 1" to 6" BPE A53 Grade A standard pipe have increased by $20 /mt since our last report issued May 24, now ranging from $620 /mt to $650 /mt CFR FO Houston and Los Angeles ports. Typical extras are $20 /mt for 1/2"; $10 /mt for 3/4"; and $10 /mt for Grade B.
However, China's value-added tax (VAT) rebate for standard pipe will go down from 13 percent to zero by July 1st. There is also an anti-dumping case pending. The above prices do not include consideration for the VAT rebate reduction or the antidumping trade case.