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
