Local Chinese steel pipe prices have followed a mostly stable trend during the past week, with some minor price fluctuations also seen.
Chinese domestic seamless pipe prices have followed a stable or slightly upward movement during the past week. Overall trading activity is weak due to the offseason. Market inventory is still at high levels, exerting some pressure on seamless pipe prices. As for the week ahead, it is believed that seamless pipe prices may follow a mostly stable trend.
Local Chinese welded pipe prices have indicated a stable or slightly downward movement during the past week. Recent decreases in steel strip prices have caused some traders to follow suit and lower their welded pipe prices. Overall trading activity has been at low levels due to the hot summer weather. As for the week ahead, it is believed that welded pipe prices may indicate minor fluctuations.
Seamless pipe prices
|
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
|
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
5,450 |
804 |
0 |
|
Guangzhou |
5,700 |
841 |
0 |
||
|
Beijing |
5,540 |
817 |
20 |
||
|
Average price |
5,563 |
821 |
7 |
||
|
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
5,420 |
799 |
0 |
|
Guangzhou |
5,620 |
829 |
0 |
||
|
Beijing |
5,420 |
799 |
20 |
||
|
Average price |
5,487 |
809 |
7 |
All the above prices include 13 percent VAT.
Welded pipe prices
|
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
|
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
4,570 |
674 |
0 |
|
Guangzhou |
4,570 |
674 |
-60 |
||
|
Beijing |
4,540 |
670 |
0 |
||
|
Average price |
4,560 |
673 |
-20 |
||
|
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
4,580 |
676 |
0 |
|
Guangzhou |
4,570 |
674 |
-60 |
||
|
Beijing |
4,460 |
658 |
0 |
||
|
Average price |
4,537 |
669 |
-20 |
All the above prices include 13 percent VAT.
$1 = RMB 6.780