During the week ending June 24, 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 $480-495/mt FOB, August shipment.
Product name |
Quality |
Spec. |
Price ($/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, demand for steel pipe has been slack given the current traditional offseason. However, raw material prices have moved at high levels, bolstering steel pipe prices to some extent. As the Dragon Boat Festival (June 25-27) is about to begin, the steel pipe market will be quiet in the coming week.
$1 = RMB 7.0555
