Local Chinese steel pipe prices have again moved down slightly during the past week.
Local Chinese seamless pipe prices have mostly followed a slightly soft trend during the past seven days amid small declines in billet prices over the same period. Overall trading activity has been sluggish. As for the week ahead, considering the weakness of both demand and the cost side, it is believed that seamless pipe prices may continue to move down slightly.
Local Chinese welded pipe prices have moved down by small margins during the past week against the backdrop of the soft trend of steel strip prices on the upstream side. Overall trading activity has been sluggish due to the off-season and the hot summer weather. As for the week ahead, it is believed that welded pipe prices may again indicate small decreases.
Seamless pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ108 mm x 4.5 mm | 20# (GB/T8162-1999) | Shanghai | 4,300 | 633 | -20 |
| Guangzhou | 4,310 | 635 | -30 | ||
| Beijing | 4,210 | 620 | 0 | ||
| Average price | 4,273 | 629 | -17 | ||
| Φ219 mm x 6 mm | 20# (GB/T8163-1999) | Shanghai | 4,270 | 629 | -20 |
| Guangzhou | 4,230 | 623 | -30 | ||
| Beijing | 4,130 | 608 | 0 | ||
| Average price | 4,210 | 620 | -17 |
All the above prices include 13 percent VAT.
Welded pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ48 mm x 3.25 mm | Q195-Q215 | Shanghai | 3,710 | 546 | -10 |
| Guangzhou | 3,600 | 530 | 0 | ||
| Beijing | 3,570 | 526 | -20 | ||
| Average price | 3,627 | 534 | -10 | ||
| Ф114 mm x 3.75 mm | Q215-Q235 | Shanghai | 3,580 | 527 | -10 |
| Guangzhou | 3,600 | 530 | 0 | ||
| Beijing | 3,500 | 515 | -20 | ||
| Average price | 3,560 | 524 | -10 |
All the above prices include 13 percent VAT.
$1 = RMB 6.790
