During the week ending September 15, average Chinese steel pipe export offer prices have moved up. At present, export offers for welded pipe given by Chinese suppliers are in the range of $865-895/mt FOB, up $20/mt week on week, while export offers for API 5L seamless pipe given by Chinese suppliers are at $875-895/mt FOB, November shipment, moving up by $20/mt compared to that recorded on September 8.
|
Product name |
Quality |
Spec. |
Price ($/mt) FOB |
Weekly change ($/mt) |
|
API 5L seamless pipe |
Gr.B |
2’’-6’’ Std |
885 |
+20 |
|
Seamless pipe, casing (hot rolled forming) |
J55 |
3’’-8’’ Std |
945 |
+20 |
|
Seamless pipe, tubing (cold drawn forming) |
ST37 |
< 3’’ Std |
1,180 |
+30 |
|
Welded pipes |
Gr.B |
2’’-6’’ Std |
880 |
+20 |
During the given week, steel pipe prices have moved up amid increasing semi-finished steel prices. Demand has not improved as significantly as market players had been expecting, while transaction activities have been better than in August. Production restrictions will continue during the rest of the current year, which will bolster steel pipe prices. It is thought that steel pipe prices may edge up further in the coming week.
Rebar futures prices at Shanghai Futures Exchange (SHFE) stand at RMB 5,518/mt ($843/mt) on September 15, up RMB 66/mt ($10.2/mt) or 1.2 percent from September 8.
$1 = RMB 6.4492