Local Chinese steel pipe market mostly follows slightly soft trend

Thursday, 28 June 2018 17:53:45 (GMT+3)   |   Shanghai
       

The local Chinese steel pipe market has mostly followed a slightly soft trend during the past week.

As of June 28 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 $765/mt (RMB 5,067/mt), with 20# (GB/T8163-1999) grade 219 mm x 6 mm seamless pipe at $783/mt (RMB 5,183/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 $666/mt (RMB 4,410/mt) and $659/mt (RMB 4,363/mt) respectively. All the above prices include 16 percent VAT.

Due to the off-season, in the past seven days overall trading activity has remained weak in the local Chinese seamless pipe market which has mainly moved on a slightly downward trend, Upstream billet prices have decreased. With the weather getting warmer, most traders hold a negative view of the prospects for demand. As for the week ahead, it is believed the domestic seamless pipe market may follow a mostly stable trend, with some slight downticks also possible.

Local Chinese welded pipe prices have followed a slightly soft trend in the past week, mainly due to decreases in steel strip prices which in turn were influenced by declines in raw material futures prices. Overall trading activity is still weak due to the hot weather. As for the coming week, it is believed that domestic welded pipe prices may fluctuate on a slightly weak trend due to the weakness of demand.

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

4,950

748

↓50

Guangzhou

Shandong

5,300

801

0

Beijing

Angang

4,950

748

↓10

Average price

-

5,067

765

↓20

Φ219 mm x 6 mm

20# (GB/T8163-1999)

Shanghai

Zhenda

5,100

770

↓50

Guangzhou

Angang

5,400

816

0

Beijing

Shandong

5,050

763

↓10

Average price

-

5,183

783

↓20

Welded pipe

Φ48 mm x 3.25 mm

Q195-Q215

Shanghai

Tangshan

4,370

660

↓20

Guangzhou

Guangzhou

4,520

683

↓50

Beijing

Jinghua

4,340

656

0

Average price

-

4,410

666

↓23

Ф114 mm x 3.75 mm

Q215-Q235

Shanghai

Huaqi

4,280

647

↓20

Guangzhou

Guangzhou

4,520

683

↓50

Beijing

Zengzhou

4,290

648

0

Average price

-

4,363

659

↓23

 

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

 

$1 = RMB 6.62

 


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