During the week ending July 21, average Chinese steel pipe export offer prices have moved sideways. At present, export offers for welded pipe given by Chinese suppliers are in the range of $830-860/mt FOB, while export offers for API 5L seamless pipe given by Chinese suppliers are at $855-875/mt FOB, September shipment, remaining stable compared to that recorded on July 14.
|
Product name |
Quality |
Spec. |
Price ($/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 |
925 |
0 |
|
Seamless pipe, tubing (cold drawn forming) |
ST37 |
< 3’’ Std |
1,150 |
0 |
|
Welded pipes |
Gr.B |
2’’-6’’ Std |
845 |
0 |
During the given week, steel pipe prices have moved sideways amid the slack demand due to the heavy rains. At the same time, high level of raw material prices bolstered steel pipe market. It is thought that steel pipe prices may fluctuate within a limited range in the coming week.
Rebar futures prices at Shanghai Futures Exchange (SHFE) stand at RMB 5,561/mt ($861/mt) on July 21, down RMB 19/mt ($2.9/mt) or 0.34 percent from July 14.
$1 = RMB 6.4835