During the week ending September 16, average Chinese steel pipe export offer prices have remained stable. 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 $515-545/mt FOB, November shipment.
Product name |
Quality |
Spec. |
Price ($/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 |
530 |
0 |
During the given week, demand has been slow to pick up after the gradual ending of heavy rainfall in China and has not been as good as market players expected for the traditional peak season for business, which has exerted a negative impact on the steel pipe market. It is thought that steel pipe prices in the Chinese market will fluctuate within a limited range in the coming week.
Rebar futures prices at Shanghai Futures Exchange (SHFE) stand at RMB 3,575/mt ($527/mt) on September 16, down RMB 83/mt ($12.2/mt) or 2.3 percent from September 9.
$1 = RMB 6.7825
