Local Chinese seamless pipe prices mostly soften, welded pipe prices unchanged

Thursday, 10 October 2019 15:58:14 (GMT+3)   |   Shanghai
       

Local Chinese seamless pipe prices have mostly softened during the past week, with welded pipe prices moving sideways.

Chinese domestic seamless pipe prices have mostly moved down in the past seven days. Overall trading activity has been weak even after the long holiday, impacting the confidence of traders and causing them to reduce their prices. Upstream billet prices have not provided much support for seamless pipe prices. As for the week ahead, it is believed that seamless pipe prices in China may indicate further slight declines as trading activity is not expected to increase.

Local Chinese welded pipe prices have followed a stable trend during the past week. Overall trading activity was at low levels during the holiday period and rose slightly after the holiday. Upstream steel strip prices have also moved sideways. Considering that the demand side has not increased strongly, most traders have kept their inventories at low levels in order to reduce risks. As for the week ahead, it is believed that domestic welded pipe prices may fluctuate slightly depending on trading activity. 

Product Name

Spec

Category

City

Steel Plant/Origin

Price (RMB/mt)

Price ($/mt)

Weekly Change (RMB/mt)

Seamless pipe

Φ108 mm x 4.5 mm

20# (GB/T8162-1999)

Shanghai

Wuxi

4,650

658

0

Guangzhou

Shandong

4,850

686

-50

Beijing

Angang

4,600

651

0

Average price

-

4,700

665

-17

Φ219 mm x 6 mm

20# (GB/T8163-1999)

Shanghai

Zhenda

4,600

651

-100

Guangzhou

Angang

4,900

693

-50

Beijing

Shandong

4,700

665

0

Average price

-

4,733

669

-50

Welded pipe

Φ48 mm x 3.25 mm

Q195-Q215

Shanghai

Tangshan

4,260

603

0

Guangzhou

Guangzhou

4,340

614

0

Beijing

Jinghua

4,100

580

0

Average price

-

4,233

599

0

Ф114 mm x 3.75 mm

Q215-Q235

Shanghai

Huaqi

4,200

594

0

Guangzhou

Guangzhou

4,340

614

0

Beijing

Zengzhou

4,030

570

0

Average price

-

4,190

593

0

 
All the above prices include 13 percent VAT.

 $1 = RMB 7.07

 


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