Local Chinese pipe prices mostly stable, with some upticks

Local Chinese steel pipe prices have indicated a most stable trend during the Chinese New Year holiday period, with some slight increases also seen.

Local Chinese seamless pipe prices have followed a mostly stable trend during the Chinese Year holiday period, though certain market prices have risen slightly after the holiday due to the upward tendency of raw material prices. Trading activity is still at a low level since most downstream buyers have not returned to the market yet. As for the week ahead, it is believed that seamless pipe prices may fluctuate on an upward trend amid the recovery of demand and the upward movement of raw material prices.

Chinese domestic welded pipe prices have followed a stable trend during the Chinese New Year holiday period. Certain local markets have seen minor upticks in prices amid increases in raw material prices. Most downstream buyers and traders have not yet returned to work, and so trading activity has remained at a low level. Market inventory has increased slightly. As for the week ahead, with raw material prices performing strongly, it is believed that welded pipe prices may follow an upward trend.

Seamless pipe prices

 All the above prices include 13 percent VAT.

Welded pipe prices 

All the above prices include 13 percent VAT.

$1 = RMB 6.4391