During the week ending August 5, average Chinese steel pipe export offer prices have remained stable. At present, export offers for API 5L seamless pipe given by Chinese suppliers are in the range of $560-650/mt FOB, while export offers for API 5L welded pipe given by Chinese suppliers are at $505-535/mt FOB, for October shipment.
Product name |
Quality |
Spec. |
Price ($/mt) FOB |
Weekly change ($/mt) |
API 5L seamless pipe |
Gr.B |
2’’-6’’ Std |
605 |
0 |
Seamless pipe, casing (hot rolled forming) |
J55 |
3’’-8’’ Std |
645 |
0 |
Seamless pipe, tubing (cold drawn forming) |
ST37 |
< 3’’ Std |
865 |
0 |
Welded pipes |
Gr.B |
2’’-6’’ Std |
520 |
0 |
During the given week, the US Department of Commerce announced that the antidumping duty of 99.14 percent on imports of ex-China OCTG will continue to be imposed. In the local market, demand for steel pipe has been slack, and so traders have mostly adopted a wait-and-see stance. However, ferrous metal futures prices in China have moved up, bolstering the steel pipe market.
Rebar futures prices at Shanghai Futures Exchange (SHFE) stand at RMB 3,832/mt ($549.4/mt) on August 5, up RMB 66/mt ($9.5/mt) or 1.75 percent from July 29.
$1 = RMB 6.9752
