During the week ending September 29, average Chinese steel pipe export offer prices have moved up. At present, export offers for welded pipe given by Chinese suppliers are in the range of $880-910/mt FOB, up $15/mt week on week, while export offers for API 5L seamless pipe given by Chinese suppliers are at $890-910/mt FOB, November shipment, moving up by $15/mt compared to September 22.
Product name |
Quality |
Spec. |
Price ($/mt) FOB |
Weekly change ($/mt) |
API 5L seamless pipe |
Gr.B |
2’’-6’’ Std |
900 |
+15 |
Seamless pipe, casing (hot rolled forming) |
J55 |
3’’-8’’ Std |
960 |
+15 |
Seamless pipe, tubing (cold drawn forming) |
ST37 |
< 3’’ Std |
1,205 |
+25 |
Welded pipes |
Gr.B |
2’’-6’’ Std |
895 |
+15 |
During the given week, steel pipe prices have moved on an overall uptrend amid the supply shortages caused by production restrictions. Ahead of the long National Day holiday (October 1-7), some stock replenishment has been anticipated from downstream users, which has bolstered steel pipe prices. It is thought that steel pipe prices will move sideways in the coming week.
Rebar futures prices at Shanghai Futures Exchange (SHFE) stand at RMB 5,657/mt ($875/mt) on September 29, up RMB 1/mt ($0.15/mt), almost remaining stable from September 22.
$1 = RMB 6.4662
