During the week ending April 29, 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 $585-670/mt FOB, while export offers for API 5L welded pipe given by Chinese suppliers are at $500-520/mt FOB, late June shipment.
|
Product name |
Quality |
Spec. |
Price ($/mt) FOB |
Weekly change ($/mt) |
|
API 5L seamless pipe |
Gr.B |
2’’-6’’ Std |
627.5 |
0 |
|
Seamless pipe, casing (hot rolled forming) |
J55 |
3’’-8’’ Std |
670 |
0 |
|
Seamless pipe, tubing (cold drawn forming) |
ST37 |
< 3’’ Std |
922.5 |
0 |
|
Welded pipes |
Gr.B |
2’’-6’’ Std |
510 |
0 |
During the given week, rainy weather in southern China resulted in reduced demand for steel pipes, thereby exerting a negative impact on prices. However, tube blank prices have remained stable in northern China, which provided support for steel pipe prices.
Rebar futures prices at Shanghai Futures Exchange (SHFE) stand at RMB 3,302/mt ($467/mt) on April 29, down RMB 73/mt ($10.3/mt) or 2.16 percent from April 22.
$1 = RMB 7.0704