During the week ending December 29, average Chinese steel pipe export offer prices have remained stable. At present, export offers for welded pipe given by Chinese suppliers are in the range of $780-800/mt FOB, remaining stable week on week, while export offers for API 5L seamless pipe given by Chinese suppliers are at $820-850/mt FOB, March shipment, moving sideways compared to December 22.
|
Product name |
Quality |
Spec. |
Price ($/mt) FOB |
Weekly change ($/mt) |
|
API 5L seamless pipe |
Gr.B |
2’’-6’’ Std |
835 |
0 |
|
Seamless pipe, casing (hot rolled forming) |
J55 |
3’’-8’’ Std |
875 |
0 |
|
Seamless pipe, tubing (cold drawn forming) |
ST37 |
< 3’’ Std |
1,075 |
0 |
|
Welded pipes |
Gr.B |
2’’-6’’ Std |
790 |
0 |
During the given week, steel pipe prices have moved sideways amid environmental protection measures and restrictions on logistics. Some pipe producers have implemented maintenance works amid slack demand. Market players have been unwilling to build up stocks for the winter season at present as they think prices have been at relatively high levels. It is thought that steel pipe prices in the Chinese domestic market may edge down slightly in the coming week.
Rebar futures prices at Shanghai Futures Exchange (SHFE) stand at RMB 4,315/mt ($677/mt) on December 29, down by RMB 123/mt ($19.3/mt), or 2.8 percent compared to December 22, while down 0.28 percent compared to the previous trading day, December 28.
$1 = RMB 6.3735