Local Chinese steel pipe prices have mostly indicated slight declines during the past week, while some prices have also moved sideways.
Local Chinese seamless pipe prices have either moved sideways or down slightly during the past seven days. Overall trading activity was weak during the Labor Day holiday. Most traders have chosen to keep their quoted prices stable, but some slightly reduced them in order to close more deals. As for the week ahead, it is believed that seamless pipe prices will mainly follow a stable trend.
Local Chinese welded pipe prices have mostly moved down by small margins during the past week, influenced by the slight softness seen in prices of steel strip and other raw materials. Overall trading activity has been slack. As for the week ahead, it is believed that welded pipe prices may indicate small fluctuations.
Seamless pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ108 mm x 4.5 mm | 20# (GB/T8162-1999) | Shanghai | 4,300 | 597 | -20 |
| Guangzhou | 4,430 | 615 | 0 | ||
| Beijing | 4,340 | 602 | 0 | ||
| Average price | 4,357 | 605 | -7 | ||
| Φ219 mm x 6 mm | 20# (GB/T8163-1999) | Shanghai | 4,270 | 592 | -20 |
| Guangzhou | 4,340 | 602 | 0 | ||
| Beijing | 4,220 | 586 | 0 | ||
| Average price | 4,277 | 593 | -7 |
All the above prices include 13 percent VAT.
Welded pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ48 mm x 3.25 mm | Q195-Q215 | Shanghai | 3,710 | 515 | 20 |
| Guangzhou | 3,670 | 509 | -10 | ||
| Beijing | 3,630 | 504 | -40 | ||
| Average price | 3,670 | 509 | -10 | ||
| Ф114 mm x 3.75 mm | Q215-Q235 | Shanghai | 3,580 | 497 | 20 |
| Guangzhou | 3,670 | 509 | -10 | ||
| Beijing | 3,560 | 494 | -40 | ||
| Average price | 3,603 | 500 | -10 |
All the above prices include 13 percent VAT.
$1 = RMB 7.207
