During the week ending July 22, 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 $560-650/mt FOB, while export offers for API 5L welded pipe given by Chinese suppliers are at $505-535/mt FOB, September shipment.
|
Product name |
Quality |
Spec. |
Price ($/mt) FOB |
Weekly change ($/mt) |
|
API 5L seamless pipe |
Gr.B |
2’’-6’’ Std |
605 |
0 |
|
Seamless pipe, casing (hot rolled forming) |
J55 |
3’’-8’’ Std |
645 |
0 |
|
Seamless pipe, tubing (cold drawn forming) |
ST37 |
< 3’’ Std |
865 |
0 |
|
Welded pipes |
Gr.B |
2’’-6’’ Std |
520 |
0 |
During the given week, demand for steel pipe has been slack, while rising raw material prices provided solid support for pipe prices. Downstream users have been unwilling to build up stocks of steel pipes, which will exert a negative impact on the market.
Rebar futures prices at Shanghai Futures Exchange (SHFE) stand at RMB 3,782/mt ($543/mt) on July 22, up RMB 36/mt ($5.2/mt) or 1.0 percent from July 15.
$1 = RMB 6.9718