During the week ending July 3, average Chinese steel pipe export offer prices have moved on a rising 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 $570-580/mt FOB.
During the given week, due to the production restrictions in Tangshan, market players have been optimistic on the prospects for the future trend of pipe prices. Meanwhile, rising semi-finished steel prices have provided solid support for steel pipe prices. At the same time, iron ore prices have moved at high levels, also bolstering steel pipe prices from the cost side. However, demand has been slack due to the current offseason. It is thought that steel pipe prices from China will likely move up slightly in the coming week.
|
Product name |
Quality |
Spec. |
Price ($/mt) FOB |
Weekly change ($/mt) |
|
API 5L Seamless pipe |
Gr.B |
2’’-6’’ Std |
680 |
↑15 |
|
Seamless pipe, casing |
J55 |
3’’-8’’ Std |
722.5 |
↑17.5 |
|
Seamless Pipe, tubing |
ST37 |
< 3’’ Std |
980 |
↑25 |
|
Welded Pipes |
Gr.B |
2’’-6’’ Std |
575 |
↑7.5 |