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 ($/mt) |
Weekly change (RMB/mt) |
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
4,400 |
644 |
0 |
Guangzhou |
4,700 |
688 |
0 |
||
Beijing |
4,580 |
670 |
0 |
||
Average price |
4,560 |
667 |
0 |
||
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
4,450 |
651 |
0 |
Guangzhou |
4,650 |
681 |
0 |
||
Beijing |
4,680 |
685 |
0 |
||
Average price |
4,593 |
672 |
0 |
All the above prices include 13 percent VAT.
Welded pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/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