The local Chinese steel pipe prices have moved sideways or down slightly during the past week.
Local Chinese seamless pipe prices have showed a stable trend during the past week, with most traders not willing to change their prices since overall trading activity has been at a very low level due to the off-season and the raining weather. As for the week ahead, it is believed that seamless pipe prices may just indicate minor fluctuations.
Local Chinese welded pipe prices have softened slightly during the past week against the backdrop of lower prices of steel strip and other raw materials. Overall trading activity has been weak. As for the week ahead, it is believed that welded pipe prices may continue to move down by small margins.
Seamless pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
4,710 |
660 |
0 |
Guangzhou |
4,910 |
688 |
0 |
||
Beijing |
4,780 |
670 |
0 |
||
Average price |
4,800 |
673 |
0 |
||
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
4,680 |
656 |
0 |
Guangzhou |
4,830 |
677 |
0 |
||
Beijing |
4,670 |
655 |
0 |
||
Average price |
4,727 |
663 |
0 |
All the above prices include 13 percent VAT.
Welded pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
4,080 |
572 |
-20 |
Guangzhou |
4,040 |
566 |
-20 |
||
Beijing |
4,030 |
565 |
-20 |
||
Average price |
4,050 |
568 |
-20 |
||
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
3,950 |
554 |
-20 |
Guangzhou |
4,040 |
566 |
-20 |
||
Beijing |
3,960 |
555 |
-20 |
||
Average price |
3,983 |
558 |
-20 |
All the above prices include 13 percent VAT.
$1 = RMB 7.134
