During the week ending September 1, 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 $845-875/mt FOB, moving sideways week on week, while export offers for API 5L seamless pipe given by Chinese suppliers are at $855-875/mt FOB, November shipment, remaining stable compared to August 25.
|
Product name |
Quality |
Spec. |
Price ($/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 |
860 |
0 |
During the given week, steel pipe prices have remained stable amid gradually better demand. Iron ore prices have moved down sharply, weakening the support for steel pipe prices. The downtrend in rebar futures prices over the past two trading days may negatively affect the steel pipe market. However, expected better demand in September will exert a positive impact on steel pipe prices.
Rebar futures prices at Shanghai Futures Exchange (SHFE) stand at RMB 5,242/mt ($810.5/mt) on September 1, up RMB 6/mt ($0.93/mt) or 0.11 percent from August 25.
$1 = RMB 6.468