During the week ending August 10, 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 $640-660/mt FOB, moving sideways compared to August 3, while export offers for API 5L seamless pipe given by Chinese suppliers are at $660-700/mt FOB, October shipment, remaining stable compared to August 3.
|
Product name |
Quality |
Spec. |
Price ($/mt) FOB |
Weekly change ($/mt) |
|
API 5L seamless pipe |
Gr.B |
2’’-6’’ Std |
680 |
0 |
|
Seamless pipe, casing (hot rolled forming) |
J55 |
3’’-8’’ Std |
690 |
0 |
|
Seamless pipe, tubing (cold drawn forming) |
ST37 |
< 3’’ Std |
800 |
0 |
|
Welded pipes |
Gr.B |
2’’-6’’ Std |
650 |
0 |
During the given week, transaction activities for steel pipes have improved to a certain degree, bolstering prices. However, ferrous metal futures prices have fluctuated within a limited range, affecting the steel pipe market. However, the hot weather will continue in China in the coming period, which will exert a negative impact on steel pipe prices. It is expected that steel pipe prices in the Chinese domestic market will move sideways in the coming week.
Rebar futures prices at Shanghai Futures Exchange (SHFE) stand at RMB 4,066/mt ($600.6/mt) on August 10, up by RMB 3/mt ($0.4/mt), or 0.07 percent compared to August 3, while down by 1.14 percent compared to the previous trading day, August 9.
$1 = RMB 6.7695