During the week ending August 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 $845-875/mt FOB, remaining stable week on week, while export offers for API 5L seamless pipe given by Chinese suppliers are at $855-875/mt FOB, October shipment, moving sideways compared to August 11.
|
Product name |
Quality |
Spec. |
Price ($/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 slack demand. Market players have mostly held a wait-and-see stance as regards concluding purchases of steel pipes. The sharply declining rebar prices have negatively affected market players’ sentiments. It is expected that steel pipe prices in the Chinese domestic market will likely fluctuate within a limited range in the coming week.
Rebar futures prices at Shanghai Futures Exchange (SHFE) stand at RMB 5,144/mt ($792.4/mt) on August 18, down RMB 453/mt ($70/mt) or 8.1 percent from August 11.
$1 = RMB 6.4915