During the week ending May 13, 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 $560-650/mt FOB, while export offers for API 5L welded pipe given by Chinese suppliers are at $480-495/mt FOB, late July shipment.
Product name |
Quality |
Spec. |
Price ($/mt) FOB |
Weekly change ($/mt) |
API 5L seamless pipe |
Gr.B |
2’’-6’’ Std |
605 |
0 |
Seamless pipe, casing (hot rolled forming) |
J55 |
3’’-8’’ Std |
645 |
0 |
Seamless pipe, tubing (cold drawn forming) |
ST37 |
< 3’’ Std |
865 |
0 |
Welded pipes |
Gr.B |
2’’-6’’ Std |
487.5 |
0 |
During the given week, inventory of steel pipe in the local market has been at relatively reasonable levels, which has exerted a positive impact on the steel pipe market. However, on May 5, Columbia decided to launch an antidumping investigation regarding China-origin seamless and welded steel tubes for oil and gas pipelines, which will negatively affect Chinese steel pipe exports in the future.
Rebar futures prices at Shanghai Futures Exchange (SHFE) stand at RMB 3,464/mt ($489/mt) on May 13, up RMB 72/mt ($10.2/mt) or 2.73 percent from May 6.
$1 = RMB 7.0875
