Local Chinese steel pipe prices have continued their upward trend during the past week.
Chinese seamless pipe prices have continued to increase during the past seven days, supported by increases in billet prices. Overall trading activity has improved and is considered to be at normal levels. Demand has lately showed a positive tendency due to the easing of public health measures. As for the week ahead, it is believed that seamless pipe prices may just indicate minor fluctuations .
Chinese domestic welded pipe prices have still followed an upward trend during the past week on the back of rises in prices of steel strip and other raw materials. Overall trading activity has been weak since traders have mostly been maintaining a wait-and-see stance as prices have continued to increase. As for the week ahead, amid support from the cost side but given the weakness of demand due to the off-season, it is believed that welded pipe prices may increase by small margins.
Seamless pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
5,060 |
730 |
70 |
Guangzhou |
5,310 |
766 |
100 |
||
Beijing |
5,090 |
734 |
10 |
||
Average price |
5,153 |
743 |
60 |
||
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
5,030 |
725 |
70 |
Guangzhou |
5,260 |
759 |
100 |
||
Beijing |
4,970 |
717 |
10 |
||
Average price |
5,087 |
734 |
60 |
All the above prices include 13 percent VAT.
Welded pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
4,490 |
648 |
80 |
Guangzhou |
4,540 |
655 |
110 |
||
Beijing |
4,440 |
640 |
80 |
||
Average price |
4,490 |
648 |
90 |
||
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
4,500 |
649 |
80 |
Guangzhou |
4,540 |
655 |
110 |
||
Beijing |
4,360 |
629 |
80 |
||
Average price |
4,467 |
644 |
90 |
All the above prices include 13 percent VAT.
$1 = RMB 6.934
