Local Chinese pipe prices indicate small fluctuations

Local Chinese steel pipe prices have indicated small fluctuations during the past week.

Local Chinese seamless pipe prices have showed a mostly stable trend in the past week, with slight increases seen in some areas of the country. Overall trading activity is still weak. With upstream billet prices fluctuating at high price levels, producers of seamless pipes have mostly been willing to increase their quoted prices. However, since downstream demand is still sluggish, most traders have chosen to hold prices stable in order to close more deals. As for the week ahead, it is believed that seamless pipe prices may follow a mostly stable trend against the backdrop of the continuing weak demand situation. 

Local Chinese welded pipe prices have indicated either small upticks or downticks in different parts of the country in the past week, against the backdrop of higher steel strip prices and the ongoing weakness of demand for welded pipes. As for the week ahead, it is expected that welded pipe prices may fluctuate slightly against the ongoing weakness of demand during the hot summer season.

Seamless pipe prices

 All the above prices include 13 percent VAT.

Welded pipe prices

All the above prices include 13 percent VAT.

 $1 = RMB 6.943