During the week ending March 24, average Chinese steel pipe export offer prices have moved sideways. At present, export offers for welded pipe given by Chinese suppliers are in the range of $705-725/mt FOB, while export offers for API 5L seamless pipe given by Chinese suppliers are at $820-910/mt FOB, May shipment, both moving sideways compared to March 17.
Product name |
Quality |
Spec. |
Price ($/mt) FOB |
Weekly change ($/mt) |
API 5L seamless pipe |
Gr.B |
2’’-6’’ Std |
865 |
- |
Seamless pipe, casing (hot rolled forming) |
J55 |
3’’-8’’ Std |
920 |
- |
Seamless pipe, tubing (cold drawn forming) |
ST37 |
< 3’’ Std |
1,180 |
- |
Welded pipes |
Gr.B |
2’’-6’’ Std |
715 |
- |
During the given week, buyers in the local steel pipe market have made purchases just in line with their needs, while sellers have wanted to bolster their prices amid the high levels of raw material prices. The production curbs in Tangshan have pushed semi-finished steel prices up further, providing a certain degree of support for steel pipe prices.
Rebar futures prices at Shanghai Futures Exchange (SHFE) stand at RMB 4,816/mt ($739/mt) on March 24, up RMB 31/mt ($4.75/mt) or 0.65 percent from March 17.
$1 = RMB 6.5228
