During the week ending July 24, 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 $635-725/mt FOB, while export offers for API 5L welded pipe given by Chinese suppliers are at $570-580/mt FOB.
During the given week, iron ore prices have remained at high levels, providing for support for Chinese steel pipe prices. However, demand for steel pipes has been slack due to the hot summer weather. It is thought that steel pipe export offer prices from China will fluctuate within a limited range in the coming week.
Product name |
Quality |
Spec. |
Price ($/mt) FOB |
Weekly change ($/mt) |
API 5L Seamless pipe |
Gr.B |
2’’-6’’ Std |
680 |
0 |
Seamless pipe, casing |
J55 |
3’’-8’’ Std |
722.5 |
0 |
Seamless Pipe, tubing |
ST37 |
< 3’’ Std |
980 |
0 |
Welded Pipes |
Gr.B |
2’’-6’’ Std |
575 |
0 |
