During the week ending April 24, average Chinese steel pipe export offer prices have indicated a stable trend. At present, export offers for API 5L seamless pipe given by Chinese suppliers are in the range of $650-740/mt FOB, while export offers for API 5L welded pipe given by Chinese suppliers are at $550-565/mt FOB.
At the beginning of the given week, semi-finished steel prices in China increased, though ferrous metal futures prices subsequently moved down, exerting negative pressure on steel pipe prices. As the Labor Day holiday (May 1-4) is approaching, demand for steel pipes will likely slacken. It is expected that steel pipe export prices from China will move sideways in the coming week.
|
Product name |
Quality |
Spec. |
Price ($/mt) FOB |
Weekly change ($/mt) |
|
API 5L Seamless pipe |
Gr.B |
2’’-6’’ Std |
695 |
0 |
|
Seamless pipe, casing |
J55 |
3’’-8’’ Std |
740 |
0 |
|
ST37 |
< 3’’ Std |
1,000 |
0 |
|
|
Welded Pipes |
Gr.B |
2’’-6’’ Std |
557.5 |
0 |