Local Chinese steel pipe prices have mostly followed a soft trend during the past week.
Local Chinese seamless pipe prices have either moved sideways or softened slightly during the past seven days amid the small decreases seen in billet prices and the weakness of trading activity. As for the week ahead, it is believed that seamless pipe prices will mostly follow a stable trend.
Local Chinese welded pipe prices have indicated a declining trend during the past week, given the sluggishness of trading activity and the downticks seen in prices of steel strip and raw materials. As for the week ahead, it is believed that welded pipe prices may soften by small margins.
Seamless pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ108 mm x 4.5 mm | 20# (GB/T8162-1999) | Shanghai | 4,290 | 597 | 0 |
| Guangzhou | 4,430 | 616 | 0 | ||
| Beijing | 4,320 | 601 | -50 | ||
| Average price | 4,347 | 604 | -17 | ||
| Φ219 mm x 6 mm | 20# (GB/T8163-1999) | Shanghai | 4,260 | 592 | 0 |
| Guangzhou | 4,340 | 604 | 0 | ||
| Beijing | 4,220 | 587 | -30 | ||
| Average price | 4,273 | 594 | -10 |
All the above prices include 13 percent VAT.
Welded pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ48 mm x 3.25 mm | Q195-Q215 | Shanghai | 3,700 | 515 | -50 |
| Guangzhou | 3,630 | 505 | -60 | ||
| Beijing | 3,620 | 503 | -30 | ||
| Average price | 3,650 | 508 | -47 | ||
| Ф114 mm x 3.75 mm | Q215-Q235 | Shanghai | 3,570 | 496 | -50 |
| Guangzhou | 3,630 | 505 | -60 | ||
| Beijing | 3,550 | 494 | -30 | ||
| Average price | 3,583 | 498 | -47 |
All the above prices include 13 percent VAT.
$1 = RMB 7.191
