During the week ending February 16, 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 $790-810/mt FOB, remaining stable compared to February 9, while export offers for API 5L seamless pipe given by Chinese suppliers are at $840-870/mt FOB, May shipment, remaining unchanged compared to February 9.
Product name |
Quality |
Spec. |
Price ($/mt) FOB |
Weekly change ($/mt) |
API 5L seamless pipe |
Gr.B |
2’’-6’’ Std |
855 |
0 |
Seamless pipe, casing (hot rolled forming) |
J55 |
3’’-8’’ Std |
895 |
0 |
Seamless pipe, tubing (cold drawn forming) |
ST37 |
< 3’’ Std |
1,105 |
0 |
Welded pipes |
Gr.B |
2’’-6’’ Std |
800 |
0 |
During the given week, steel pipe prices have moved sideways amid the ups and downs seen in rebar futures prices as China implemented strict controls on coal and iron ore prices. Following the long holiday, downstream users have not fully returned to the market yet, resulting in limited demand, which has exerted a negative impact on steel pipe prices, though market players think demand will gradually improve. It is expected that steel pipe prices in the Chinese domestic market will likely move sideways in the coming week.
Rebar futures prices at Shanghai Futures Exchange (SHFE) stand at RMB 4,832/mt ($761/mt) on February 16, up by RMB 110/mt ($17.3/mt), or 2.3 percent compared to February 9, while up by 1.85 percent compared to the previous trading day, February 15.
$1 = RMB 6.3463
