Local Chinese steel pipe prices have continued to fall during the past week.
Local Chinese seamless pipe prices have softened during the past seven days. Overall trading activity remains at low levels. In the past week, upstream billet prices first softened and then rebounded slightly. As for the week ahead, it is believed that seamless pipe prices may just indicate very slight fluctuations amid ongoing weak demand and some increase in upstream costs.
Local Chinese welded pipe prices have continued to fall during the past week, despite recent rebounds in prices of steel strip and other raw materials. Overall trading activity and demand are still weak, causing most traders to reduce their quoted prices. As for the week ahead, it is believed that welded pipe prices may follow a fluctuating trend.
Seamless pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
4,550 |
638 |
-40 |
Guangzhou |
4,790 |
672 |
-60 |
||
Beijing |
4,690 |
658 |
-30 |
||
Average price |
4,677 |
656 |
-43 |
||
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
4,520 |
634 |
-40 |
Guangzhou |
4,710 |
660 |
-60 |
||
Beijing |
4,580 |
642 |
-30 |
||
Average price |
4,603 |
645 |
-43 |
All the above prices include 13 percent VAT.
Welded pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
3,990 |
559 |
-40 |
Guangzhou |
3,950 |
554 |
-70 |
||
Beijing |
3,900 |
547 |
-40 |
||
Average price |
3,947 |
553 |
-50 |
||
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
3,860 |
541 |
-40 |
Guangzhou |
3,950 |
554 |
-70 |
||
Beijing |
3,830 |
537 |
-40 |
||
Average price |
3,880 |
544 |
-50 |
All the above prices include 13 percent VAT.
$1 = RMB 7.132
