During the week ending January 12, 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 $780-800/mt FOB, moving sideways week on week, while export offers for API 5L seamless pipe given by Chinese suppliers are at $820-850/mt FOB, March shipment, keeping in line with that recorded on January 5.
Product name |
Quality |
Spec. |
Price ($/mt) FOB |
Weekly change ($/mt) |
API 5L seamless pipe |
Gr.B |
2’’-6’’ Std |
835 |
0 |
Seamless pipe, casing (hot rolled forming) |
J55 |
3’’-8’’ Std |
875 |
0 |
Seamless pipe, tubing (cold drawn forming) |
ST37 |
< 3’’ Std |
1,075 |
0 |
Welded pipes |
Gr.B |
2’’-6’’ Std |
790 |
0 |
During the given week, steel pipe prices have moved sideways amid the production halts in northern China. Downstream users have not built up stocks, while as the Chinese New Year holiday is approaching they will likely purchase some steel pipe supplies in the coming period, which may bolster prices. It is thought that steel pipe prices in the Chinese domestic market may move sideways in the coming week.
Rebar futures prices at Shanghai Futures Exchange (SHFE) stand at RMB 4,632/mt ($727.6/mt) on January 12, up by RMB 188/mt ($29.5/mt), or 4.23 percent compared to that recorded on January 5, while up 2.32 percent compared to the previous trading day, January 11.
$1 = RMB 6.3658