Local Chinese seamless pipe prices remain stable, while welded pipe prices slightly decrease

Thursday, 06 June 2019 13:49:20 (GMT+3)   |   Shanghai
       

Domestic seamless pipe prices in China have moved sideways during the past week, while domestic welded pipe prices have decreased slightly in the given period.

As of June 6 in China's three main steel markets, i.e., Shanghai, Guangzhou and Beijing, the average price of 20# (GB/T8162-1999) grade 108 mm x 4.5 mm seamless pipe now stands at $678/mt (RMB 4,667/mt), with 20# (GB/T8163-1999) grade 219 mm x 6 mm seamless pipe at $690/mt (RMB 4,750/mt). Meanwhile, on the same date, Q195-215 grade 48 mm x 3.25 mm welded pipe and Q215-235 grade 114 mm x 3.75 mm welded pipe prices in the above markets are standing at $630/mt (RMB 4,337/mt) and $624/mt (RMB 4,293/mt) respectively. All the above prices include 13 percent VAT.

Prices in the local Chinese seamless pipe market have remained stable during the past week, while overall trading activity has been at low levels. Upstream billet prices have slightly decreased in the given week but most pipe producers have kept their prices stable. Since it is the traditionally off-season in China, demand in the local seamless pipe market has mostly been weak. While traders mostly hold a negative view as regards the future trend of the market, they are unwilling to increase their stock levels. As for the week ahead, it is believed that seamless pipe prices may mostly follow a stable trend.

Prices in the local Chinese welded pipe market have continued to fall, while overall trading activity has been at low levels since it is a traditionally off season in China. Upstream steel strip and raw material prices have slightly declined during the past week which has caused welded pipe prices to fall further. As for the week ahead, most traders believed that domestic welded pipe prices in China may remain stable.

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

4,550

658

0

Guangzhou

Shandong

4,850

702

0

Beijing

Angang

4,600

666

0

Average price

-

4,667

675

0

Φ219 mm x 6 mm

20# (GB/T8163-1999)

Shanghai

Zhenda

4,600

666

0

Guangzhou

Angang

4,950

716

0

Beijing

Shandong

4,700

680

0

Average price

-

4,750

687

0

Welded pipe

Φ48 mm x 3.25 mm

Q195-Q215

Shanghai

Tangshan

4,280

619

↓30

Guangzhou

Guangzhou

4,450

644

↓50

Beijing

Jinghua

4,280

619

↓20

Average price

-

4,337

628

↓33

Ф114 mm x 3.75 mm

Q215-Q235

Shanghai

Huaqi

4,220

611

↓30

Guangzhou

Guangzhou

4,450

644

↓50

Beijing

Zengzhou

4,210

609

↓20

Average price

-

4,293

621

↓33

 

13 percent VAT is included in all prices and all prices are ex-warehouse.

$1 = RMB 6.91

 


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