Local Chinese steel pipe prices have either moved sideways or down slightly during the past week.
Chinese domestic seamless pipe prices have indicated a stable or slightly soft trend during the past week, against the backdrop of some slight declines in billet prices. Overall trading activity has been slack due to the off-season. As for the week ahead, it is believed that seamless pipe prices may fluctuate on a downward trend.
Local Chinese welded pipe prices have moved sideways or softened a little during the past week, with the majority of traders cutting their prices by small margins due to the downticks seen in steel strip prices. Overall trading activity has remained sluggish. As for the week ahead, it is believed that welded pipe prices may just indicate minor fluctuations.
Seamless pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ108 mm x 4.5 mm | 20# (GB/T8162-1999) | Shanghai | 4,370 | 615 | 0 |
| Guangzhou | 4,470 | 629 | 0 | ||
| Beijing | 4,350 | 612 | -30 | ||
| Average price | 4,397 | 619 | -10 | ||
| Φ219 mm x 6 mm | 20# (GB/T8163-1999) | Shanghai | 4,340 | 611 | 0 |
| Guangzhou | 4,400 | 619 | 0 | ||
| Beijing | 4,250 | 598 | -30 | ||
| Average price | 4,330 | 609 | -10 |
All the above prices include 13 percent VAT.
Welded pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ48 mm x 3.25 mm | Q195-Q215 | Shanghai | 3,860 | 543 | -10 |
| Guangzhou | 3,720 | 524 | 0 | ||
| Beijing | 3,770 | 531 | -30 | ||
| Average price | 3,783 | 532 | -13 | ||
| Ф114 mm x 3.75 mm | Q215-Q235 | Shanghai | 3,730 | 525 | -10 |
| Guangzhou | 3,720 | 524 | 0 | ||
| Beijing | 3,700 | 521 | -30 | ||
| Average price | 3,717 | 523 | -13 |
All the above prices include 13 percent VAT.
$1 = RMB 7.106