During the week ending January 15, average Chinese steel pipe export offer prices have continued their stable trend. 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 $510-530/mt FOB, March shipment.
|
Product name |
Quality |
Spec. |
Price ($/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, demand for steel pipe has been slack amid the approach of the Chinese New Year holiday. Market players will leave the market by the end of this week, which will result in quiet activity in the steel pipe market, while steel pipe prices are unlikely to indicate big changes ahead of the holiday.
Rebar futures prices at Shanghai Futures Exchange (SHFE) stand at RMB 3,537/mt ($513.7/mt) on January 15, down RMB 80/mt ($11.6/mt) from January 8.
$1 = RMB 6.885