Chinese steel pipe export offer prices mostly remain stable

Wednesday, 23 January 2019 15:57:34 (GMT+3)   |   Shanghai
       

During the week ending January 23, average Chinese steel pipe export offer prices have mostly indicated a stable trend, though welded pipes prices have softened slightly. At present, export offers for API 5L seamless pipe given by Chinese suppliers are in the range of $620-710/mt FOB, while export offers for API 5L welded pipe given by Chinese suppliers are at $520-550/mt FOB.

During the given week, steel pipe export prices from China have mostly moved on a stable trend, while transaction activity has been quiet. The approaching Chinese New Year holiday (February 2-10) has negatively affected market participants’ involvement in the market. It is thought that steel pipe export prices from China will move stable in the coming week.

Product name

Quality

Spec.

Price ($/mt) FOB

Weekly change ($/mt)

API 5L Seamless pipe

Gr.B

2’’-6’’ Std

665

0

Seamless pipe, casing

J55

3’’-8’’ Std

710

0

Seamless Pipe, tubing

ST37

< 3’’ Std

967.5

0

Welded Pipes

Gr.B

2’’-6’’ Std

535

↓5


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