Chinese steel pipe export offer prices move sideways

Wednesday, 08 February 2023 15:12:54 (GMT+3)   |   Shanghai
       

During the week ending February 8, 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 February 1, 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 February 1.

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 in the Chinese domestic market have indicated some rises amid market players’ good expectation for the future market. At the same time, inventory levels of steel pipe have increased slightly as demand has not improved in line with expectations. However, market participants think demand for pipes from downstream users will improve in the near future as market players have been returning to the market after the holiday.

Rebar futures prices at Shanghai Futures Exchange (SHFE) stand at RMB 4,055/mt ($598.5/mt) on February 8, down by RMB 29/mt ($4.3/mt), or 0.7 percent compared to February 1, while up by 0.97 percent compared to the previous trading day, February 7.

$1 = RMB 6.7752


Similar articles

UK’S TRA proposes safeguard extension for 15 steel product categories for further two years

22 Feb | Steel News

Vietnam’s Hoa Phat posts 7.0 percent decrease in sales for 2023

09 Jan | Steel News

MOC: Average steel prices in China edge up slightly during Dec 11-17

21 Dec | Steel News

China’s rebar output down 2.2 percent in January-November

19 Dec | Steel News

MOC: Average steel prices in China up slightly during Dec 4-10

14 Dec | Steel News

Vietnam’s Hoa Phat posts higher construction steel sales amid rising consumption

08 Dec | Steel News

Italy’s steel imports from non-EU countries fall in Jan-Sep, exports rise

20 Nov | Steel News

China’s rebar output down 1.2 percent in January-October

17 Nov | Steel News

EU to allocate TRQs for five products from UK to N. Ireland

08 Nov | Steel News

Vietnam’s Hoa Phat posts higher HRC sales in October amid better demand

07 Nov | Steel News