Local Chinese steel pipe prices have followed a mostly soft trend during the past seven days.
Local Chinese seamless pipe prices have softened a little for certain types during the past week. Overall trading activity and demand has been weak due to the hot and rainy weather which has led most traders choose to reduce their quoted prices in order to close more deals. As for the week ahead, it is believed that seamless pipe prices may see a mostly stable trend.
Local Chinese welded pipe prices have followed a stable or slightly downward trend during the past week. Overall trading activity has been sluggish during the off-season, causing most traders to cut their prices by small margins, though upstream prices of steel strip and other raw materials have just indicated small fluctuations, providing some support for welded pipe prices. As for the week ahead, it is believed that welded pipe prices may continue to move down by small margins.
Seamless pipe prices
| Spec | Category | Origin | Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
| Φ108 mm x 4.5 mm | 20# (GB/T8162-1999) | Shanghai | 4,260 |
593 |
-30 |
| Guangzhou | 4,430 |
616 |
0 |
||
| Beijing | 4,300 |
598 |
-20 |
||
| Average price | 4,330 |
602 |
-17 |
||
| Φ219 mm x 6 mm | 20# (GB/T8163-1999) | Shanghai | 4,230 |
589 |
-30 |
| Guangzhou | 4,340 |
604 |
0 |
||
| Beijing | 4,210 |
586 |
-10 |
||
| Average price | 4,260 |
593 |
-13 |
All the above prices include 13 percent VAT.
Welded pipe prices
| Spec | Category | Origin | Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
| Φ48 mm x 3.25 mm | Q195-Q215 | Shanghai | 3,670 |
511 |
-30 |
| Guangzhou | 3,630 |
505 |
0 |
||
| Beijing | 3,600 |
501 |
-20 |
||
| Average price | 3,633 |
506 |
-17 |
||
| Ф114 mm x 3.75 mm | Q215-Q235 | Shanghai | 3,540 |
493 |
-30 |
| Guangzhou | 3,630 |
505 |
0 |
||
| Beijing | 3,530 |
491 |
-20 |
||
| Average price | 3,567 |
496 |
-17 |
All the above prices include 13 percent VAT.
