During the week ending December 4, average Chinese steel pipe export offer prices have moved sideways. At present, export offers for API 5L seamless pipe given by Chinese suppliers are in the range of $595-680/mt FOB, while export offers for API 5L welded pipe given by Chinese suppliers are at $510-530/mt FOB, January shipment.
Product name |
Quality |
Spec. |
Price ($/mt) FOB |
Weekly change ($/mt) |
API 5L seamless pipe |
Gr.B |
2’’-6’’ Std |
637.5 |
0 |
Seamless pipe, casing |
J55 |
3’’-8’’ Std |
687.5 |
0 |
Seamless pipe, tubing |
ST37 |
< 3’’ Std |
922.5 |
0 |
Welded pipes |
Gr.B |
2’’-6’’ Std |
520 |
0 |
During the given week, several regions in China have issued heavy pollution alerts, exerting a negative impact on steel pipe producers’ production. However, demand for steel pipes has been slack due to cold weather.
Rebar futures prices at Shanghai Futures Exchange (SHFE) stood at RMB 3,603/mt ($512/mt) on December 4, up RMB 7/mt ($1/mt) from November 27.
$1 = RMB 7.0382