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 |
ST37 |
< 3’’ Std |
967.5 |
0 |
|
Welded Pipes |
Gr.B |
2’’-6’’ Std |
535 |
↓5 |
