The local Chinese steel pipe prices have followed a decreasing trend during the past week.
Local Chinese seamless pipe prices have followed a soft trend during the past seven days, influenced by the soft trend of billet prices. Overall trading activity for seamless pipes has been slack. As for the week ahead, it is believed that seamless pipe prices may resume a mostly stable trend.
Local Chinese welded pipe prices have moved down by small margins during the past week, amid downticks seen in prices of steel strip and other raw materials. Overall trading activity for welded pipes has been slack due to the hot weather. As for the week ahead, it is believed that welded pipe prices may indicate further slight decreases.
Seamless pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ108 mm x 4.5 mm | 20# (GB/T8162-1999) | Shanghai | 4,300 | 605 | -70 |
| Guangzhou | 4,420 | 622 | -50 | ||
| Beijing | 4,330 | 609 | -20 | ||
| Average price | 4,350 | 612 | -47 | ||
| Φ219 mm x 6 mm | 20# (GB/T8163-1999) | Shanghai | 4,270 | 601 | -70 |
| Guangzhou | 4,350 | 612 | -50 | ||
| Beijing | 4,230 | 595 | -20 | ||
| Average price | 4,283 | 603 | -47 |
All the above prices include 13 percent VAT.
Welded pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ48 mm x 3.25 mm | Q195-Q215 | Shanghai | 3,820 | 538 | -40 |
| Guangzhou | 3,700 | 521 | -20 | ||
| Beijing | 3,720 | 524 | -50 | ||
| Average price | 3,747 | 527 | -37 | ||
| Ф114 mm x 3.75 mm | Q215-Q235 | Shanghai | 3,690 | 519 | -40 |
| Guangzhou | 3,700 | 521 | -20 | ||
| Beijing | 3,650 | 514 | -50 | ||
| Average price | 3,680 | 518 | -37 |
All the above prices include 13 percent VAT.
$1 = RMB 7.105