Local Chinese pipe prices mostly move down

Friday, 31 March 2023 09:45:18 (GMT+3)   |   Shanghai
       

Local Chinese steel pipe prices have mostly softened during the past week. 

Chinese domestic seamless pipe prices have showed a stable or slightly soft trend during the past seven days. Overall trading activity has been at normal levels. Billet prices have lately recovered a little, providing some support for seamless pipe prices. Supply has declined slightly and producers have mostly been unwilling to reduce their quoted prices. As for the week ahead, it is believed that seamless pipe prices may move up by a small margin.    

Local Chinese welded pipe prices have moved down during the past week. Overall trading activity has been weak. Steel strip prices have rebounded, but most traders have chosen to reduce their quoted prices in order to close more deals. As for the week ahead, it is believed that welded pipe prices may fluctuate slightly.    

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   

5,250   

762   

-30   

Guangzhou   

5,550   

806   

0   

Beijing   

5,320   

772   

0   

Average price   

5,373   

780   

-10   

Φ219 mm x 6 mm   

20# (GB/T8163-1999)   

Shanghai   

5,220   

758   

-30   

Guangzhou   

5,500   

798   

0   

Beijing   

5,200   

755   

0   

Average price   

5,307   

770   

-10   

 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   

4,670   

678   

-50   

Guangzhou   

4,740   

688   

-40   

Beijing   

4,670   

678   

-50   

Average price   

4,693   

681   

-47   

Ф114 mm x 3.75 mm   

Q215-Q235   

Shanghai   

4,680   

679   

-50   

Guangzhou   

4,740   

688   

-40   

Beijing   

4,590   

666   

-50   

Average price   

4,670   

678   

-47   

All the above prices include 13 percent VAT.  

 $1 = RMB 6.889


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