Chinese steel pipe export offer prices move sideways

Wednesday, 05 June 2019 11:15:00 (GMT+3)   |   Shanghai
       

During the week ending June 5, 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 been slack, resulting in quiet activities in steel pipe market. However, since iron ore prices have started to edge down, steel pipe producers have shown a pessimistic attitude towards the prospect of the future market. At the same time, rainy weather is approaching in southern China, which will slacken the demand further. It is expected steel pipe export prices from China will edge down 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 Pipes

Gr.B

2’’-6’’ Std

567.5

0


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