During the week ending March 20, average Chinese steel pipe export offer prices have indicated 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 still at $550-565/mt FOB.
Inventory levels of steel pipe in China are slightly higher than in the previous week, while demand from downstream users has been good, and so traders in the steel pipe market have not been under strong pressure from the inventory side. Sentiment in the market is positive. It is expected that steel pipe export prices from China will again move sideways in the coming week.
Product name |
Quality |
Spec. |
Price ($/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 |
Seamless Pipe, tubing |
ST37 |
< 3’’ Std |
1,000 |
0 |
Welded Pipes |
Gr.B |
2’’-6’’ Std |
557.5 |
0 |
