Local Chinese steel pipe prices have continued their slight downtrend during the past seven days.
Local Chinese seamless pipe prices have mostly declined by small margins during the past week amid minor decreases in prices of billet. Overall trading activity has been weak. As for the week ahead, it is believed that seamless pipe prices may indicate further small reductions.
Local Chinese welded pipe prices have also continued to soften during the past week, against the backdrop of decreases in prices of steel strip and other raw materials. Trading activity has been at normal levels. As for the week ahead, the weather will get warmer and demand may see a recovery, while it is believed that welded pipe prices will be characterized by small fluctuations.
Seamless pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ108 mm x 4.5 mm | 20# (GB/T8162-1999) | Shanghai | 4,370 | 609 | -50 |
| Guangzhou | 4,480 | 624 | 0 | ||
| Beijing | 4,420 | 616 | -30 | ||
| Average price | 4,423 | 616 | -27 | ||
| Φ219 mm x 6 mm | 20# (GB/T8163-1999) | Shanghai | 4,340 | 605 | -50 |
| Guangzhou | 4,420 | 616 | 0 | ||
| Beijing | 4,270 | 595 | -30 | ||
| Average price | 4,343 | 605 | -27 |
All the above prices include 13 percent VAT.
Welded pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ48 mm x 3.25 mm | Q195-Q215 | Shanghai | 3,830 | 534 | -10 |
| Guangzhou | 3,800 | 530 | -40 | ||
| Beijing | 3,710 | 517 | -20 | ||
| Average price | 3,780 | 527 | -23 | ||
| Ф114 mm x 3.75 mm | Q215-Q235 | Shanghai | 3,700 | 516 | -10 |
| Guangzhou | 3,800 | 530 | -40 | ||
| Beijing | 3,640 | 507 | -20 | ||
| Average price | 3,713 | 518 | -23 |
All the above prices include 13 percent VAT.
$1 = RMB 7.175