During the week ending September 25, 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, production restriction measures have been implemented in China, reducing supply of steel pipe in the local market and boosting sentiment. However, demand for steel pipe has been relatively slack ahead of the long National Day holiday. It is expected that ex-China steel pipe prices will move sideways in the coming week.