During the week ending September 19, average Chinese steel pipe export offer prices have moved sideways. At present, export offers for API 5L seamless pipe given by Chinese suppliers are in the range of $595-680/mt FOB, while export offers for API 5L welded pipe given by Chinese suppliers are at $510-530/mt FOB, November shipment.
Product name |
Quality |
Spec. |
Price ($/mt) FOB |
Weekly change ($/mt) |
API 5L Seamless pipe |
Gr.B |
2’’-6’’ Std |
637.5 |
0 |
Seamless pipe, casing |
J55 |
3’’-8’’ Std |
687.5 |
0 |
Seamless Pipe, tubing |
ST37 |
< 3’’ Std |
922.5 |
0 |
Welded Pipes |
Gr.B |
2’’-6’’ Std |
520 |
0 |
During the given week, the inventory levels of steel pipe in China have decreased, providing support for steel pipe prices, though cautious sentiments have also been observed among market players. Environmental protection measures are being strictly implemented as the National Day holiday approaches, reducing steel pipe output and this will bolster ex-China steel pipe prices.