During the week ending January 18, 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 $610-630/mt FOB, remaining stable compared to January 11, while export offers for API 5L seamless pipe given by Chinese suppliers are at $620-650/mt FOB, March shipment, moving sideways compared to that on January 11.
|
Product name |
Quality |
Spec. |
Price ($/mt) FOB |
Weekly change ($/mt) |
|
API 5L seamless pipe |
Gr.B |
2’’-6’’ Std |
635 |
0 |
|
Seamless pipe, casing (hot rolled forming) |
J55 |
3’’-8’’ Std |
645 |
0 |
|
Seamless pipe, tubing (cold drawn forming) |
ST37 |
< 3’’ Std |
715 |
0 |
|
Welded pipes |
Gr.B |
2’’-6’’ Std |
620 |
0 |
During the given week, steel pipe prices have moved sideways ahead of the Chinese New Year holiday (January 21-27). Most downstream users and traders have been absent from the market, resulting in a relatively quiet performance in the steel pipe market. It is expected that steel pipe prices in the Chinese domestic market will likely continue their stable trend in the coming week.
Rebar futures prices at Shanghai Futures Exchange (SHFE) stand at RMB 4,165/mt ($616/mt) on January 18, up by RMB 4/mt ($0.6/mt), or 0.09 percent compared to January 11, while up by 1.54 percent compared to the previous trading day, January 17.
$1 = RMB 6.7602