Local Chinese pipe prices move sideways or fluctuate slightly

Local Chinese steel pipe prices have been stable or have fluctuated slightly during the past week.

Chinese seamless pipe prices have followed a mostly stable trend in the past seven days, with slight downticks in some local markets. Billet prices, which have only fluctuated by a small margin, have continued to provide support for seamless pipe prices. Supply volumes have recently remained low due to restrictions on production volumes. Meanwhile, demand has also been low due to coronavirus measures. As for the week ahead, considering the weakness of both the supply and demand sides, it is believed that seamless pipe prices may continue their mostly stable trend.

Local Chinese welded pipe prices have just indicated small fluctuations during the past week. Overall trading activity has been weak due to the off-season and the impact of the coronavirus in central China. Upstream steel strip prices have continued to support welded pipe prices. As for the week ahead, it is believed that welded pipe prices may continue to fluctuate by small margins.

Seamless pipe prices

 All the above prices include 13 percent VAT.

Welded pipe prices

All the above prices include 13 percent VAT

$1 = RMB 6.4696