During the week ending April 13, average Chinese steel pipe export offer prices have declined. At present, export offers for welded pipe given by Chinese suppliers are in the range of $830-850/mt FOB, moving down by $10/mt compared to April 6, while export offers for API 5L seamless pipe given by Chinese suppliers are at $870-900/mt FOB, June shipment, edging down by $10/mt compared to April 6.
|
Product name |
Quality |
Spec. |
Price ($/mt) FOB |
Weekly change ($/mt) |
|
API 5L seamless pipe |
Gr.B |
2’’-6’’ Std |
885 |
-10 |
|
Seamless pipe, casing (hot rolled forming) |
J55 |
3’’-8’’ Std |
915 |
-10 |
|
Seamless pipe, tubing (cold drawn forming) |
ST37 |
< 3’’ Std |
1,105 |
0 |
|
Welded pipes |
Gr.B |
2’’-6’’ Std |
840 |
-10 |
During the given week, steel pipe prices have decreased due to slack demand amid the strict Covid-19 control measures. However, traders have been seeking to bolster their prices as transportation has been limited. It is thought that steel pipe prices may fluctuate within a limited range in the coming week.
Rebar futures prices at Shanghai Futures Exchange (SHFE) stand at RMB 4,915/mt ($771/mt) on April 13, down by RMB 206/mt ($32.3/mt) or 4.02 percent compared to April 6, while down by 0.81 percent compared to the previous trading day, April 12.
$1 = RMB 6.3752