During the week ending June 11, 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 $440-450/mt FOB, remaining stable on average compared to June 4, while export offers for API 5L seamless pipe given by Chinese suppliers are at $480-490/mt FOB, for September shipment, remaining unchanged on average compared to June 4.
| Product name | Quality | Spec. | Price ($/mt) FOB | Weekly change ($/mt) |
| API 5L seamless pipe | Gr.B | 2’’-6’’ Std | 485 | - |
| Seamless pipe, casing (hot rolled forming) | J55 | 3’’-8’’ Std | 485 | - |
| Seamless pipe, tubing (cold drawn forming) | ST37 | < 3’’ Std | 655 | - |
| Welded pipes | Gr.B | 2’’-6’’ Std | 445 | - |
During the given week, steel pipe prices in the Chinese domestic market have fluctuated within a limited range. Steel pipe producers are barely breaking even, while the demand from downstream users has been slack due to the traditional offseason. The widespread rainy weather, especially the continuing plum rainy season in the lower and middle reaches of the Yangtze River, has negatively affected the steel pipe market. It is expected that steel pipe prices in the Chinese domestic market will fluctuate within a limited range in the coming week.
As of June 11, HRC futures at the Shanghai Futures Exchange are standing at RMB 3,108/mt ($432/mt), increasing by RMB 11/mt ($1.5/mt) or 0.4 percent since June 4, while up 0.78 percent compared to the previous trading day, June 10.
$1 = RMB 7.1815
