Chinese steel pipe export offer prices move sideways

Wednesday, 24 June 2020 17:22:09 (GMT+3)   |   Shanghai
       

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


Similar articles

Japanese crude steel output down 3.8 percent in February from January

27 Mar | Steel News

Some EU flat steel import quotas about to be exhausted near end of period

26 Mar | Steel News

France’s steel product import value down 17.8 percent in 2023

08 Mar | Steel News

France’s steel product export value down 22.4 percent in 2023

08 Mar | Steel News

Japanese crude steel output up 4.0 percent in January from December

26 Feb | Steel News

UK’S TRA proposes safeguard extension for 15 steel product categories for further two years

22 Feb | Steel News

France’s steel product import value down 18.4 percent in Jan-Nov

09 Feb | Steel News

France’s steel product export value down 23.2 percent in Jan-Nov

08 Feb | Steel News

Japanese crude steel output down 1.8 percent in December from November

26 Jan | Steel News

Vietnam’s Hoa Phat posts 7.0 percent decrease in sales for 2023

09 Jan | Steel News