Local Chinese pipe prices move sideways or fluctuate slightly

Thursday, 07 November 2019 16:56:05 (GMT+3)   |   Shanghai
       

Local Chinese steel pipe prices have moved sideways or fluctuated slightly during the past week.

Local Chinese seamless pipe prices have mostly followed a stable trend during the past week. Overall trading activity has been at low levels with the arrival of the offseason for business. Upstream billet prices have only indicated minor changes, while seamless pipe inventories are mainly on the low side, providing support for seamless pipe prices. Sentiment among traders is negative. As for the week ahead, it is believed that domestic seamless pipe prices may fluctuate on a slightly soft trend.

Chinese domestic welded pipe prices have indicated minor fluctuations in the past seven days, while trading activity has been at a low level. Upstream steel strip prices and raw material futures prices have edged upwards, causing welded pipe prices in some local regions to indicate slight upticks. As for the week ahead, it is believed that welded pipe prices may soften by a small margin due to the current offseason. 

Product Name

Spec

Category

City

Steel Plant/Origin

Price (RMB/mt)

Price ($/mt)

Weekly Change (RMB/mt)

Seamless pipe

Φ108 mm x 4.5 mm

20# (GB/T8162-1999)

Shanghai

Wuxi

4,550

650

0

Guangzhou

Shandong

4,750

679

0

Beijing

Angang

4,600

657

0

Average price

-

4,633

662

0

Φ219 mm x 6 mm

20# (GB/T8163-1999)

Shanghai

Zhenda

4,500

643

0

Guangzhou

Angang

4,850

693

0

Beijing

Shandong

4,700

671

0

Average price

-

4,683

669

0

Welded pipe

Φ48 mm x 3.25 mm

Q195-Q215

Shanghai

Tangshan

4,150

593

-20

Guangzhou

Guangzhou

4,340

620

+20

Beijing

Jinghua

4,100

586

+20

Average price

-

4,197

600

+7

Ф114 mm x 3.75 mm

Q215-Q235

Shanghai

Huaqi

4,090

584

-20

Guangzhou

Guangzhou

4,340

620

+20

Beijing

Zengzhou

4,030

576

+20

Average price

-

4,153

593

+7

All the above prices include 13 percent VAT.

$1 = RMB 7.00


Similar articles

US OCTG exports up 26.8 percent in January

27 Mar | Steel News

India’s VSTL setting up greenfield steel pipe making unit in Odisha

27 Mar | Steel News

Japanese crude steel output down 3.8 percent in February from January

27 Mar | Steel News

India’s Welspun secures $62 million steel pipe supply contract in Saudi Arabia

26 Mar | Steel News

Some EU flat steel import quotas about to be exhausted near end of period

26 Mar | Steel News

Canada initiates review on line pipe from S. Korea

25 Mar | Steel News

India’s Welspun and Saudi Arabia’s Aramco terminate steel pipe supply contract

25 Mar | Steel News

US and Canadian rig counts both decline week-on-week

22 Mar | Steel News

US structural pipe and tube exports down 41.7 percent in January

22 Mar | Steel News

Tata Steel Nederland plans to close precision tube operations

22 Mar | Steel News