During the week ending September 21, 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 $620-650/mt FOB, remaining stable compared to September 14, while export offers for API 5L seamless pipe given by Chinese suppliers are at $640-680/mt FOB, December shipment, moving sideways compared to that on September 14.
Product name |
Quality |
Spec. |
Price ($/mt) FOB |
Weekly change ($/mt) |
API 5L seamless pipe |
Gr.B |
2’’-6’’ Std |
660 |
- |
Seamless pipe, casing (hot rolled forming) |
J55 |
3’’-8’’ Std |
675 |
- |
Seamless pipe, tubing (cold drawn forming) |
ST37 |
< 3’’ Std |
775 |
- |
Welded pipes |
Gr.B |
2’’-6’’ Std |
635 |
- |
During the given week, steel pipe prices have moved sideways amid the slack demand from downstream users following the Mid-Autumn Day holiday. Meanwhile, cautious sentiments have prevailed among market players. At the same time, rebar futures prices moved down, weakening support for the steel pipe market. It is thought that steel pipe prices may move sideways in the coming week.
Rebar futures prices at Shanghai Futures Exchange (SHFE) stand at RMB 3,664/mt ($527/mt) on September 21, down by RMB 77/mt ($11.1/mt), or 2.1 percent compared to September 14, while down by 0.7 percent compared to the previous trading day, September 20.
$1 = RMB 6.9536