During the week ending July 17, 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 $570-580/mt FOB.
During the given week, the rainy weather in China has exerted a negative impact on the steel pipe market where a wait-and-see mood currently prevails. It is expected that steel pipe prices from China will again move sideways in the coming week.
|
Product name |
Quality |
Spec. |
Price ($/mt) FOB |
Weekly change ($/mt) |
|
API 5L Seamless pipe |
Gr.B |
2’’-6’’ Std |
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 |