Chinese steel pipe export offer prices move sideways

Wednesday, 29 July 2020 17:30:34 (GMT+3)   |   Shanghai
       

During the week ending July 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 $560-650/mt FOB, while export offers for API 5L welded pipe given by Chinese suppliers are at $505-535/mt FOB, October 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

520

0

 

In Chinese domestic market, the traditional offseason amid high temperature and floods negatively affected the demand for steel pipe, while high level of billet prices bolstered its prices and thereby traders have been unwilling to lower prices for steel pipe. 

Rebar futures prices at Shanghai Futures Exchange (SHFE) stand at RMB 3,766/mt ($539/mt) on July 29, down RMB 16/mt ($2.3/mt) or 0.4 percent from July 22.

$1 = RMB 6.9969


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