Local Chinese pipe prices move sideways or fluctuate slightly

Thursday, 21 January 2021 17:45:55 (GMT+3)   |   Shanghai
       

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

Spec

Category

Origin

Price (RMB/mt)

Price ($/mt)

Weekly change (RMB/mt)

Φ108 mm x 4.5 mm

20# (GB/T8162-1999)

Shanghai

5,200

804

-50

Guangzhou

5,400

835

0

Beijing

5,080

785

0

Average price

5,227

808

-17

Φ219 mm x 6 mm

20# (GB/T8163-1999)

Shanghai

5,250

811

-50

Guangzhou

5,400

835

0

Beijing

5,130

793

0

Average price

5,260

813

-17

 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

4,720

730

-20

Guangzhou

4,920

760

-30

Beijing

4,740

733

20

Average price

4,793

741

-10

Ф114 mm x 3.75 mm

Q215-Q235

Shanghai

4,730

731

-20

Guangzhou

4,920

760

-30

Beijing

4,670

722

20

Average price

4,773

738

-10

All the above prices include 13 percent VAT

$1 = RMB 6.4696


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