During the week ending July 16, average Chinese steel pipe export offer prices have remained stable. At present, export offers for welded pipe given by Chinese suppliers are in the range of $440-450/mt FOB, moving sideways on average compared to July 9, while export offers for API 5L seamless pipe given by Chinese suppliers are at $480-490/mt FOB, September shipment, remaining unchanged on average compared to July 9.
| Product name | Quality | Spec. | Price ($/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 remained stable amid the slack demand from downstream users. Steel pipe producers have cut their outputs, bolstering prices to a certain degree. The continuous heavy rains in southern China and high temperatures in northern China have restricted construction activities, slackening the demand for steel pipes. It is thought that steel pipe prices in the Chinese domestic market will move sideways in the coming week.
As of July 16, HRC futures at Shanghai Futures Exchange are standing at RMB 3,253/mt ($455/mt), increasing by RMB 63/mt ($8.8/mt) since July 9, while decreasing by 0.31 percent compared to the previous trading day, July 15.
$1 = RMB 7.1526