Local Chinese steel pipe prices have continued to indicate small decreases during the past week.
Local Chinese seamless pipe prices have indicated further small declines during the past seven days amid soft billet prices and weak trading activity and demand. As for the week ahead, it is believed that seamless pipe prices may continue to decrease slightly.
Local Chinese welded pipe prices have also softened slightly during the past week against a backdrop of overall weak trading activity and small decreases seen in prices of steel strip and raw materials. As for the week ahead, it is believed that welded pipe prices will continue their slight downtrend.
Seamless pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
4,740 |
665 |
-60 |
Guangzhou |
4,930 |
692 |
-30 |
||
Beijing |
4,800 |
673 |
-20 |
||
Average price |
4,823 |
677 |
-37 |
||
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
4,710 |
661 |
-60 |
Guangzhou |
4,850 |
681 |
-30 |
||
Beijing |
4,690 |
658 |
-20 |
||
Average price |
4,750 |
666 |
-37 |
All the above prices include 13 percent VAT.
Welded pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
4,150 |
582 |
-50 |
Guangzhou |
4,060 |
570 |
-50 |
||
Beijing |
4,050 |
568 |
-20 |
||
Average price |
4,087 |
573 |
-40 |
||
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
4,020 |
564 |
-50 |
Guangzhou |
4,060 |
570 |
-50 |
||
Beijing |
3,980 |
558 |
-20 |
||
Average price |
4,020 |
564 |
-40 |
All the above prices include 13 percent VAT.
$1 = RMB 7.127
