During the week ending April 15, 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 $585-670/mt FOB, while export offers for API 5L welded pipe given by Chinese suppliers are at $500-520/mt FOB, late June shipment.
|
Product name |
Quality |
Spec. |
Price ($/mt) FOB |
Weekly change ($/mt) |
|
API 5L seamless pipe |
Gr.B |
2’’-6’’ Std |
627.5 |
0 |
|
Seamless pipe, casing |
J55 |
3’’-8’’ Std |
670 |
0 |
|
Seamless pipe, tubing |
ST37 |
< 3’’ Std |
922.5 |
0 |
|
Welded pipes |
Gr.B |
2’’-6’’ Std |
510 |
0 |
During the given week, demand from downstream users has not recovered in line with market players’ expectations, while the rising trend of ferrous metal futures prices has provided some support for steel pipe prices. Activity in the export market has been slack due to the negative impact of the coronavirus pandemic worldwide.
Rebar futures prices at Shanghai Futures Exchange (SHFE) stand at RMB 3,373/mt ($479/mt) on April 15, up RMB 129/mt ($18.3/mt) or 4.0 percent from April 8.
$1 = RMB 7.0402