The local Chinese steel pipe market has been mostly stable in the past week, with some slight increases also seen.
As of May 17, 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 $799/mt (RMB 5,083/mt), with 20# (GB/T8163-1999) grade 219 mm x 6 mm seamless pipe at $823/mt (RMB 5,233/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 $699/mt (RMB 4,447/mt) and $692/mt (RMB 4,400/mt) respectively. All the above prices include 16 percent VAT.
The local Chinese seamless pipe market has followed a stable trend during the past seven days, while overall trading activity has remained weak. Upstream billet prices are almost at the same levels as one week ago, have first decreased and then moved back up, and so seamless pipe producers have left their prices unchanged, thereby contributing to the stability of prices in the spot market. Market inventories are at normal levels, while downstream buyers are mostly only purchasing in line with their needs. As for the coming week, it is believed the local seamless pipe market will mainly continue its stable trend.
The Chinese domestic welded pipe market has moved sideways in the past week, with slight upticks also seen in prices of some products with the support of the small increases seen in steel strip prices. Overall trading activity is at low levels, limiting the room for the upward movement of prices. Traders are mostly downbeat on the prospects for the market due to the approach of the off-season for business. As for the week ahead, it is believed that the welded pipe market may fluctuate on a slightly soft trend.
Product Name |
Spec. |
Category |
City |
Steel Plant/Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Seamless pipe |
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
Wuxi |
4,950 |
777 |
0 |
Guangzhou |
Shandong |
5,250 |
824 |
0 |
|||
Beijing |
Angang |
5,050 |
793 |
0 |
|||
Average price |
- |
5,083 |
798 |
0 |
|||
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
Zhenda |
5,150 |
808 |
0 |
|
Guangzhou |
Angang |
5,350 |
840 |
0 |
|||
Beijing |
Shandong |
5,200 |
816 |
0 |
|||
Average price |
- |
5,233 |
822 |
0 |
|||
Welded pipe |
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
Tangshan |
4,470 |
702 |
↑20 |
Guangzhou |
Guangzhou |
4,550 |
714 |
↑30 |
|||
Beijing |
Jinghua |
4,320 |
678 |
0 |
|||
Average price |
- |
4,447 |
698 |
↑17 |
|||
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
Huaqi |
4,380 |
688 |
↑20 |
|
Guangzhou |
Guangzhou |
4,550 |
714 |
↑30 |
|||
Beijing |
Zengzhou |
4,270 |
670 |
0 |
|||
Average price |
- |
4,400 |
691 |
↑17 |
16 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.37