Chinese steel pipe export prices remain stable

Wednesday, 15 July 2020 11:37:05 (GMT+3)   |   Shanghai
       

During the week ending July 15, 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, September 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, rising iron ore and billet prices provided solid support to steel pipe prices, while it was hard for sellers to sell their resources, resulting in increasing inventory level on traders’ side. However, the bullish sentiments prevailed among market players amid optimistic attitude towards prospect for the Chinese financial market.

Rebar futures prices at Shanghai Futures Exchange (SHFE) stand at RMB 3,746/mt ($535/mt) on July 15, up RMB 44/mt ($6.3/mt) or 1.2 percent from July 8.

$1 = RMB 6.9982

 


Most Recent Related Articles

Prices increase sharply in Chinese domestic pipe market

Local Chinese steel pipe prices mostly increase, some prices stable

Chinese steel pipe export offer prices move up

Local Chinese pipe prices mainly stable, with some small downticks

Chinese steel pipe export offer prices remain stable