During the week ending March 15, average Chinese steel pipe export offer prices have increased. At present, export offers for welded pipe given by Chinese suppliers are in the range of $660-690/mt FOB, increasing by $10/mt compared to March 8, while export offers for API 5L seamless pipe given by Chinese suppliers are at $660-700/mt FOB, May shipment, edging up by $10/mt compared to that on March 8.
Product name |
Quality |
Spec. |
Price ($/mt) FOB |
Weekly change ($/mt) |
API 5L seamless pipe |
Gr.B |
2’’-6’’ Std |
680 |
+10 |
Seamless pipe, casing (hot rolled forming) |
J55 |
3’’-8’’ Std |
690 |
+10 |
Seamless pipe, tubing (cold drawn forming) |
ST37 |
< 3’’ Std |
765 |
+10 |
Welded pipes |
Gr.B |
2’’-6’’ Std |
675 |
+10 |
During the given week, steel pipe prices in the Chinese domestic market have moved up amid relatively high production costs due to the increasing trend of iron ore prices. Meanwhile, construction activities have resumed to normal levels in most regions of China, boosting the demand for steel pipes. It is thought that steel pipe prices in the Chinese domestic market will move up in the coming week.
Rebar futures prices at Shanghai Futures Exchange (SHFE) stand at RMB 4,332/mt ($631/mt) on March 15, up by RMB 83/mt ($12.1/mt), or 1.95 percent compared to March 8, while down by 0.91 percent compared to the previous trading day, March 14.
$1 = RMB 6.868
