During the week ending October 28, 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 $515-545/mt FOB, early January shipment.
Product name |
Quality |
Spec. |
Price ($/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 |
530 |
0 |
During the given week, prices of upstream materials - including hot rolled steel strip and round bars - have been at high levels amid strict environmental protection measures in China, thereby bolstering steel pipe prices. However, cautious sentiment has prevailed among market players. It is thought that ex-China steel pipe prices may move sideways in the coming week.
Rebar futures prices at Shanghai Futures Exchange (SHFE) stand at RMB 3,668/mt ($547/mt) on October 28, up RMB 18/mt ($2.7/mt) or 0.5 percent from October 21.
$1 = RMB 6.7195
