During the week ending March 27, average Chinese steel pipe export offer prices have moved on a stable trend. At present, export offers for API 5L seamless pipe given by Chinese suppliers are in the range of $650-740/mt FOB, while export offers for API 5L welded pipe given by Chinese suppliers are at $550-565/mt FOB.
During the given week, demand from downstream users for steel pipes has been weak, resulting in slow consumption of inventories which are at relatively high levels, while the market is characterized by a wait-and-see mood, At the same time, steel pipe prices are still supported from the cost side. It is expected that steel pipe export prices from China will fluctuate within a limited range in the coming week.
Product name |
Quality |
Spec. |
Price ($/mt) FOB |
Weekly change ($/mt) |
API 5L Seamless pipe |
Gr.B |
2’’-6’’ Std |
695 |
0 |
Seamless pipe, casing |
J55 |
3’’-8’’ Std |
740 |
0 |
ST37 |
< 3’’ Std |
1,000 |
0 |
|
Welded Pipes |
Gr.B |
2’’-6’’ Std |
557.5 |
0 |