During the week ending April 6, 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 $840-860/mt FOB, moving sideways compared to March 30, while export offers for API 5L seamless pipe given by Chinese suppliers are at $880-910/mt FOB, June shipment, remaining stable compared to March 30.
|
Product name |
Quality |
Spec. |
Price ($/mt) FOB |
Weekly change ($/mt) |
|
API 5L seamless pipe |
Gr.B |
2’’-6’’ Std |
895 |
0 |
|
Seamless pipe, casing (hot rolled forming) |
J55 |
3’’-8’’ Std |
925 |
0 |
|
Seamless pipe, tubing (cold drawn forming) |
ST37 |
< 3’’ Std |
1,105 |
0 |
|
Welded pipes |
Gr.B |
2’’-6’’ Std |
850 |
0 |
During the given week, steel pipe prices have moved sideways as strict control measures against the Covid-19 pandemic have blocked logistics in most regions of China. Demand for steel pipe has not emerged, while steel pipe producers have bolstered their prices amid the tight supply. It is expected that steel pipe prices may move sideways in the coming week.
Rebar futures prices at Shanghai Futures Exchange (SHFE) stand at RMB 5,121/mt ($804/mt) on April 6, up by RMB 87/mt ($13.7/mt), or 1.73 percent compared to March 30, while up by 0.23 percent compared to the previous trading day.
$1 = RMB 6.3799