Local Chinese steel pipe prices have followed a mostly stable trend during the past week, with some prices softening slightly.
Local Chinese seamless pipe prices have mainly showed a stable trend during the past seven days, though with some prices edging down slightly. Overall trading activity has remained at a low level, while prices have been supported by the slight rebound in upstream billet prices, though some traders cut their quoted prices by small margins in order to close more deals. As for the week ahead, it is believed that seamless pipe prices may continue a mostly stable trend.
Local Chinese welded pipe prices have continued a mainly stable movement during the past week, with some prices softening a little. Overall trading activity is still weak. 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 ($/mt) | Weekly Change (RMB/mt) |
| Φ108 mm x 4.5 mm | 20# (GB/T8162-1999) | Shanghai | 4,230 | 606 | 0 |
| Guangzhou | 4,310 | 618 | 0 | ||
| Beijing | 4,170 | 598 | -20 | ||
| Average price | 4,237 | 607 | -7 | ||
| Φ219 mm x 6 mm | 20# (GB/T8163-1999) | Shanghai | 4,200 | 602 | 0 |
| Guangzhou | 4,210 | 603 | 0 | ||
| Beijing | 4,070 | 583 | -20 | ||
| Average price | 4,160 | 596 | -7 |
All the above prices include 13 percent VAT.
Welded pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ48 mm x 3.25 mm | Q195-Q215 | Shanghai | 3,680 | 527 | 0 |
| Guangzhou | 3,580 | 513 | -20 | ||
| Beijing | 3,560 | 510 | 0 | ||
| Average price | 3,607 | 517 | -7 | ||
| Ф114 mm x 3.75 mm | Q215-Q235 | Shanghai | 3,550 | 509 | 0 |
| Guangzhou | 3,580 | 513 | -20 | ||
| Beijing | 3,490 | 500 | 0 | ||
| Average price | 3,540 | 507 | -7 |
All the above prices include 13 percent VAT.
$1 = RMB 6.977
