Local Chinese steel pipe prices have either moved sideways or down slightly during the past week.
Local Chinese seamless pipe prices have followed a stable trend during the past seven days, receiving little support from upstream billet prices, which have softened. Overall trading activity has been weak. As for the week ahead, it is believed that seamless pipe prices may move down by small margins.
Local Chinese welded pipe prices have softened a little during past week amid downticks seen in prices of steel strip and other raw materials. Overall trading activity for welded pipes has been sluggish, also exerting downward pressure on prices. As for the week ahead, it is believed that welded pipe prices will just indicate minor fluctuations.
Seamless pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ108 mm x 4.5 mm | 20# (GB/T8162-1999) | Shanghai | 4,370 | 613 | 0 |
| Guangzhou | 4,470 | 627 | 0 | ||
| Beijing | 4,380 | 614 | 0 | ||
| Average price | 4,407 | 618 | 0 | ||
| Φ219 mm x 6 mm | 20# (GB/T8163-1999) | Shanghai | 4,340 | 609 | 0 |
| Guangzhou | 4,400 | 617 | 0 | ||
| Beijing | 4,280 | 600 | 0 | ||
| Average price | 4,340 | 609 | 0 |
All the above prices include 13 percent VAT.
Welded pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ48 mm x 3.25 mm | Q195-Q215 | Shanghai | 3,870 | 543 | -50 |
| Guangzhou | 3,720 | 522 | -20 | ||
| Beijing | 3,800 | 533 | 0 | ||
| Average price | 3,797 | 533 | -23 | ||
| Ф114 mm x 3.75 mm | Q215-Q235 | Shanghai | 3,740 | 525 | -50 |
| Guangzhou | 3,720 | 522 | -20 | ||
| Beijing | 3,730 | 523 | 0 | ||
| Average price | 3,730 | 523 | -23 |
All the above prices include 13 percent VAT.
$1 = RMB 7.129