Local Chinese steel pipe market mostly moves sideways, with some slight upticks

Thursday, 17 May 2018 17:40:36 (GMT+3)   |   Shanghai
       

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


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