Local Chinese seamless pipe prices stable, welded pipe prices mainly down

Thursday, 17 September 2020 15:43:35 (GMT+3)   |   Shanghai
       

Local Chinese steel pipe prices have followed a stable trend in the past week for seamless pipes, though welded pipe prices have moved down slightly.

Chinese seamless pipe prices have indicated a stable trend during the past week. Overall trading activity has been weak. Recently, upstream billet prices and other raw material prices showed a slightly weak tendency, but most traders still kept their prices stable, waiting for downstream demand to recover before the national holiday at the start of October. Market inventory has risen slightly, exerting some pressure on seamless pipe prices. As for the week ahead, it is believed that seamless pipe prices may follow a stable trend, with some minor downticks also possible.

Chinese domestic welded pipe prices have mostly softened by small margins during the past week. Overall trading activity has slackened slightly since upstream raw material prices have been indicating a soft trend and downstream buyers have mostly been maintaining a wait-and-see stance. Some traders have chosen to reduce their quoted prices by a small margin in order to close more deals. As for the week ahead, considering that trading activity may increase before the national holiday, 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

4,400

650

0

Guangzhou

4,700

694

0

Beijing

4,580

677

0

Average price

4,560

674

0

Φ219 mm x 6 mm

20# (GB/T8163-1999)

Shanghai

4,450

658

0

Guangzhou

4,650

687

0

Beijing

4,680

691

0

Average price

4,593

679

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

4,280

632

0

Guangzhou

4,420

653

-30

Beijing

4,320

638

-20

Average price

4,340

641

-17

Ф114 mm x 3.75 mm

Q215-Q235

Shanghai

4,290

634

0

Guangzhou

4,420

653

-30

Beijing

4,250

628

-20

Average price

4,320

638

-17

All the above prices include 13 percent VAT.

 


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