Chinese steel pipe export offer prices move on a stable trend

Wednesday, 29 May 2019 15:12:25 (GMT+3)   |   Shanghai
       

During the week ending May 29, average Chinese steel pipe export offer prices have moved on a stable trend. 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 $560-575/mt FOB.

During the given week, demand for steel pipe has not improved, while market players have not been active in concluding transactions. Traders are pessimistic as regards the future prospects for the price trend due to the approaching offseason. It is expected that steel pipe export prices from China will fluctuate within a limited range 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

705

0

Seamless Pipe, tubing

ST37

< 3’’ Std

955

0

Welded pipe

Gr.B

2’’-6’’ Std

567.5

0


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