During the week ending September 30, 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 $515-545/mt FOB, December shipment.
Product name |
Quality |
Spec. |
Price ($/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, transaction activities for steel pipe in southern China have been better than in northern China, while demand ahead of the long National Day holiday (October 1-8) has not been as good as what market players had expected. Traders are cautious as regards the prospects for the market after the long holiday, and this will negatively affect steel pipe prices.
Rebar futures prices at Shanghai Futures Exchange (SHFE) stand at RMB 3,560/mt ($523/mt) on September 30, up RMB 18/mt ($3/mt) or 0.5 percent from September 23.
$1 = RMB 6.8101
