The local Chinese steel pipe market has mostly followed a stable or slightly with upward trend in the past week.
As of March 3 in China's three main steel markets, i.e., Shanghai, Guangzhou and Beijing, the average price of 20# (GB/T8162-1999) grade 108 mm x 4.5 mm seamless pipe now stands at $406/mt, with 20# (GB/T8163-1999) grade 219 mm x 6 mm seamless pipe at $424/mt. Meanwhile, on the same date, Q195-215 grade 48 mm x 3.25 mm welded pipe and Q215-235 grade 114 mm x 3.75 mm welded pipe prices in the above markets are standing at $359/mt and $363/mt respectively. All the above prices include 17 percent VAT.
The local Chinese seamless pipe market has followed a stable trend in the past week, while the overall trade volume was not as good as expected. Even though the upstream billet prices have showed trended upwards, downstream seamless pipe price hardly followed this uptrend due to low trade volumes. Prices in the local Chinese seamless pipe market are mostly expected to remain stable in the coming week.
The Chinese domestic welded pipe market has price showed a slight uptrend in the past week amid the upstream in steel strip prices. Due to the price increasing, the overall trade volume was getting much better. It is thought that domestic welded pipe prices may continue their increasing trend in the coming week.
| Product Name | Spec. | Category | City | Steel Plant/Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Seamless pipe | Φ108 mm x 4.5 mm | 20# (GB/T8162-1999) | Shanghai | Wuxi | 2,350 | 360 | 0 |
| Guangzhou | Shandong | 3,000 | 460 | 0 | |||
| Beijing | Angang | 2,450 | 376 | 0 | |||
| Average price | - | 2,600 | 399 | 0 | |||
| Φ219 mm x 6 mm | 20# (GB/T8163-1999) | Shanghai | Zhenda | 2,500 | 383 | 0 | |
| Guangzhou | Angang | 3,100 | 475 | 0 | |||
| Beijing | Shandong | 2,550 | 391 | 0 | |||
| Average price | - | 2717 | 417 | 0 | |||
| Welded pipe | Φ48 mm x 3.25 mm | Q195-Q215 | Shanghai | Tangshan | 2.,240 | 344 | ↑100 |
| Guangzhou | Guangzhou | 2,450 | 376 | ↑70 | |||
| Beijing | Jinghua | 2,200 | 337 | ↑50 | |||
| Average price | - | 2,297 | 352 | ↑73 | |||
| Ф114 mm x 3.75 mm | Q215-Q235 | Shanghai | Huaqi | 2,310 | 354 | ↑50 | |
| Guangzhou | Guangzhou | 2,450 | 376 | ↑70 | |||
| Beijing | Zengzhou | 2,200 | 337 | ↑70 | |||
| Average price | - | 2,320 | 356 | ↑63 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.52