During the week ending June 30, average Chinese steel seamless pipe export offer prices have mostly edged down, while average export prices for welded pipes have remained stable after a decrease previously. At present, export offers for welded pipe given by Chinese suppliers are in the range of $800-830/mt FOB, moving sideways week on week, while export offers for API 5L seamless pipe given by Chinese suppliers are at $835-855/mt FOB, September shipment, down by $20/mt from June 23.
Product name |
Quality |
Spec. |
Price ($/mt) FOB |
Weekly change ($/mt) |
API 5L seamless pipe |
Gr.B |
2’’-6’’ Std |
845 |
-20 |
Seamless pipe, casing (hot rolled forming) |
J55 |
3’’-8’’ Std |
905 |
-25 |
Seamless pipe, tubing (cold drawn forming) |
ST37 |
< 3’’ Std |
1,150 |
-40 |
Welded pipes |
Gr.B |
2’’-6’’ Std |
815 |
0 |
During the given week, steel pipe prices have mostly moved down due to slack demand. The high temperatures will continue to exert a negative impact on the steel pipe market. However, production restrictions due to the 100th anniversary of the founding of the Communist Party of China may bolster prices to some extent.
Rebar futures prices at Shanghai Futures Exchange (SHFE) stand at RMB 5,147/mt ($797/mt) on June 30, up RMB 213/mt ($33/mt) or 4.3 percent from June 23.
$1 = RMB 6.4601
