During the week ending September 22, 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 $865-895/mt FOB, remaining stable week on week, while export offers for API 5L seamless pipe given by Chinese suppliers are at $875-895/mt FOB, November shipment, moving sideways compared to that recorded on September 15.
|
Product name |
Quality |
Spec. |
Price ($/mt) FOB |
Weekly change ($/mt) |
|
API 5L seamless pipe |
Gr.B |
2’’-6’’ Std |
885 |
0 |
|
Seamless pipe, casing (hot rolled forming) |
J55 |
3’’-8’’ Std |
945 |
0 |
|
Seamless pipe, tubing (cold drawn forming) |
ST37 |
< 3’’ Std |
1,180 |
0 |
|
Welded pipes |
Gr.B |
2’’-6’’ Std |
880 |
0 |
During the given week, steel pipe prices have moved sideways amid the fluctuating trend in ferrous metal futures prices. At the same time, the Mid-Autumn Day holiday slackened the demand for steel pipe. However, market players expected a better performance for steel pipe in the near future. It is expected that steel pipe prices may edge up in the coming week.
Rebar futures prices at Shanghai Futures Exchange (SHFE) stand at RMB 5,656/mt ($874.2/mt) on September 22, up RMB 138/mt ($21.3/mt) or 2.5 percent from September 15.
$1 = RMB 6.4693