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

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

 All the above prices include 13 percent VAT.

Welded pipe prices

All the above prices include 13 percent VAT.