During the week ending December 8, 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 $780-800/mt FOB, moving sideways week on week, while export offers for API 5L seamless pipe given by Chinese suppliers are at $820-850/mt FOB, March shipment, remaining stable compared to that recorded on December 1.
Product name |
Quality |
Spec. |
Price ($/mt) FOB |
Weekly change ($/mt) |
API 5L seamless pipe |
Gr.B |
2’’-6’’ Std |
835 |
0 |
Seamless pipe, casing (hot rolled forming) |
J55 |
3’’-8’’ Std |
875 |
0 |
Seamless pipe, tubing (cold drawn forming) |
ST37 |
< 3’’ Std |
1,075 |
0 |
Welded pipes |
Gr.B |
2’’-6’’ Std |
790 |
0 |
During the given week, steel pipe prices have fluctuated within a limited range amid the rising trend of ferrous metal futures prices and the production cuts on the steelmakers’ side. The inventory of steel pipe has risen, reflecting slack demand from downstream users, which will negatively affect prices. It is thought that steel pipe prices in the Chinese domestic market will move sideways in the coming week.
Rebar futures prices at Shanghai Futures Exchange (SHFE) stand at RMB 4,350/mt ($683/mt) on December 8, up by RMB 44/mt ($6.9/mt), or 1.02 percent compared to December 1, while down 2.0 percent compared to the previous trading day, December 7.
$1 = RMB 6.3693
