Local Chinese pipe prices mostly indicate slight decreases

Local Chinese steel pipe prices have mostly showed a slight downward trend during the past week.

Local Chinese seamless pipe prices have mostly declined slightly during the past seven days. Overall trading activity has been weak. Upstream billet prices have indicated a downward trend both in the spot and futures markets, mainly causing most traders to lower their seamless pipe prices. Due to low inventories, some markets in the country have kept their quoted prices stable. Most traders hold a negative view and are not willing to increase their stock levels, but prefer to wait for lower prices. As for the week ahead, it is believed that seamless pipe prices may fluctuate slightly.

Chinese domestic welded pipe prices have mostly softened slightly during the past week. Overall trading activity has been at a low level due to the offseason and the cold weather. Certain districts eased their production restrictions, which caused supply volumes to rise slightly. Upstream steel strip prices have edged down. Welded pipe traders are mostly reluctant to increase their stocks because they believe prices of welded pipes are still high. As for the week ahead, it is believed that welded pipe prices may soften by a small margin.

Seamless pipe prices

 All the above prices include 13 percent VAT.

Welded pipe prices

All the above prices include 13 percent VAT.