During the week ending January 26, 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 $780-800/mt FOB, moving sideways week on week, while export offers for API 5L seamless pipe given by Chinese suppliers are at $820-850/mt FOB, April shipment, remaining stable compared to January 19.
|
Product name |
Quality |
Spec. |
Price ($/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 remained stable compared to the previous week amid the fluctuating trend of rebar futures prices. As the Winter Olympics are approaching, production restriction measures have been implemented in Hebei Province and Beijing, reducing the supply of steel pipes and bolstering market sentiment. It is expected that steel pipe prices in the Chinese domestic market will continue their stable trend in the coming week.
Rebar futures prices at Shanghai Futures Exchange (SHFE) stand at RMB 4,722/mt ($745/mt) on January 26, down by RMB 19/mt ($3.0/mt), or 0.4 percent compared to January 19, while up 0.36 percent compared to the previous trading day, January 25.
$1 = RMB 6.3246