Domestic seamless pipe prices in China stable, welded pipe prices rise

Thursday, 03 September 2020 17:44:29 (GMT+3)   |   Shanghai
       

Local Chinese seamless pipe prices have followed a stable in the past week, while local welded pipe prices have increased.  

Chinese domestic seamless pipe prices have followed a stable trend during the past seven days. Upstream billet prices first declined during the past week but then rebounded later in the week. However, most traders under pressure from tight liquidity and weak demand chose to keep their prices stable in order to close more deals. As for the week ahead, considering the strong performance on the upstream side and the approach of the sales season, it is believed that local seamless pipe prices may follow a slight uptrend.

Chinese domestic welded pipe prices have increased during the past week. Overall trading activity has improved and is currently at normal levels. Upstream steel strip prices have fluctuated on an upward trend, causing most welded pipe traders to follow suit. Construction activity has also recovered following the rainy weather, resulting in increased demand. As for the week ahead, considering the approach of the peak season for sales, it is believed that welded pipe prices in China may continue their upward trend.

Seamless pipe prices

Spec

Category

Origin

Price (RMB/mt)

Price ($/mt)

Weekly change (RMB/mt)

Φ108 mm x 4.5 mm

20# (GB/T8162-1999)

Shanghai

4,400

644

0

Guangzhou

4,700

688

0

Beijing

4,580

670

0

Average price

4,560

667

0

Φ219 mm x 6 mm

20# (GB/T8163-1999)

Shanghai

4,450

651

0

Guangzhou

4,650

681

0

Beijing

4,680

685

0

Average price

4,593

672

 All the above prices include 13 percent VAT.

 

Welded pipe prices

Spec

Category

Origin

Price (RMB/mt)

Price ($/mt)

Weekly change (RMB/mt)

Φ48 mm x 3.25 mm

Q195-Q215

Shanghai

4,280

626

100

Guangzhou

4,450

651

30

Beijing

4,360

638

50

Average price

4,363

639

60

Ф114 mm x 3.75 mm

Q215-Q235

Shanghai

4,290

628

100

Guangzhou

4,450

651

30

Beijing

4,290

628

50

Average price

4,343

636

60 

All the above prices include 13 percent VAT.

 

$1 = RMB 6.832


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