Local Chinese steel pipe prices have rebounded slightly during the past week.
In the past week, Chinese seamless pipe prices first declined and then rebounded, with prices slightly higher week on week. Overall trading activity has increased slightly after prices started to rebound. Prices of billet and other raw materials prices have rebounded, causing seamless pipe prices to follow. Market inventory has remained at high levels, which exerts pressure on seamless pipe prices. As for the week ahead, it is believed that seamless pipe prices may rise slightly.
Chinese domestic welded pipe prices have increased slightly in the past week. Overall trading activity has been low due to the off-season. Upstream steel strip and raw material prices have increased but, since demand has remained weak, the increase margins of welded pipe prices have been relatively small. As for the week ahead, considering the weakness of the demand side and support from the raw material side, it is believed that welded pipe prices may fluctuate on an upward trend.
Seamless pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
6,250 |
979 |
50 |
Guangzhou |
6,550 |
1,026 |
0 |
||
Beijing |
6,630 |
1,039 |
150 |
||
Average price |
6,477 |
1,015 |
67 |
||
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
6,250 |
979 |
50 |
Guangzhou |
6,550 |
1,026 |
0 |
||
Beijing |
6,680 |
1,047 |
150 |
||
Average price |
6,493 |
1,018 |
67 |
All the above prices include 13 percent VAT.
Welded pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
5,900 |
925 |
50 |
Guangzhou |
6,020 |
943 |
70 |
||
Beijing |
6,100 |
956 |
50 |
||
Average price |
6,007 |
941 |
57 |
||
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
5,910 |
926 |
50 |
Guangzhou |
6,020 |
943 |
70 |
||
Beijing |
6,000 |
940 |
50 |
||
Average price |
5,977 |
937 |
57 |
All the above prices include 13 percent VAT.
$1 = RMB 6.381
