Chinese steel pipe export offer prices move sideways

Wednesday, 16 September 2020 17:45:02 (GMT+3)   |   Shanghai
       

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


Tags: China Far East 

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