During the week ending June 9, average Chinese steel pipe export offer prices have moved sideways following previous rises. At present, export offers for welded pipe given by Chinese suppliers are in the range of $810-840/mt FOB, moving sideways week on week, while export offers for API 5L seamless pipe given by Chinese suppliers are at $855-875/mt FOB, July shipment, remaining stable compared to June 2.
|
Product name |
Quality |
Spec. |
Price ($/mt) FOB |
Weekly change ($/mt) |
|
API 5L seamless pipe |
Gr.B |
2’’-6’’ Std |
865 |
0 |
|
Seamless pipe, casing (hot rolled forming) |
J55 |
3’’-8’’ Std |
930 |
0 |
|
Seamless pipe, tubing (cold drawn forming) |
ST37 |
< 3’’ Std |
1,190 |
0 |
|
Welded pipes |
Gr.B |
2’’-6’’ Std |
825 |
0 |
During the given week, steel pipe prices have moved stable as demand slackened amid the approaching rainy weather in eastern China. Meanwhile, downstream users mostly held a wait-and-see stance as regards the future prospects for the steel pipe market. It is thought that steel pipe prices in the Chinese domestic market may edge down in the coming week.
Rebar futures prices at Shanghai Futures Exchange (SHFE) stand at RMB 5,035/mt ($787/mt) on June 9, up RMB 33/mt ($5.2/mt) or 0.66 percent from June 2.
$1 = RMB 6.3956