During the week ending November 13, average Chinese steel pipe export offer prices have moved on a stable trend. At present, export offers for API 5L seamless pipe given by Chinese suppliers are in the range of $595-680/mt FOB, while export offers for API 5L welded pipe given by Chinese suppliers are at $510-530/mt FOB, December shipment.
Product name |
Quality |
Spec. |
Price ($/mt) FOB |
Weekly change ($/mt) |
API 5L Seamless pipe |
Gr.B |
2’’-6’’ Std |
637.5 |
0 |
Seamless pipe, casing |
J55 |
3’’-8’’ Std |
687.5 |
0 |
Seamless pipe, tubing |
ST37 |
< 3’’ Std |
922.5 |
0 |
Welded pipes |
Gr.B |
2’’-6’’ Std |
520 |
0 |
During the given week, the arrival of cold winter weather in northern China has reduced the demand for steel pipes. Though many regions have issued environmental protection action plans for the winter, market players hold a cautious view of the prospects for the steel pipe market.
Rebar futures prices at Shanghai Futures Exchange (SHFE) stood at RMB 3,442/mt ($491/mt) on November 13, up RMB 1/mt ($0.14/mt) from November 6, signaling improved sentiment.
$1 = RMB 7.0026
