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