During the week ending December 18, average Chinese steel pipe export offer prices have remained stable. 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 $510-530/mt FOB, February shipment.
Product name |
Quality |
Spec. |
Price ($/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, though there were anti-smog measures issued in northern China, steel pipe prices have not gained support from downtrend in output as demand for steel pipe from downstream users slackened. Cautious sentiments prevailed among market players.
Rebar futures prices (2005) at Shanghai Futures Exchange (SHFE) stand at RMB 3,476/mt ($496.6/mt) on December 18, down RMB 61/mt ($8.7/mt) from December 11.
$1 = RMB 6.997
