SteelOrbis

Local Chinese steel pipe market moves up despite weak activity

Thursday, 16 February 2017 17:16:35 (GMT+3)   -   Shanghai

The local Chinese steel pipe market has following a rising trend during the past week.

As of February 16, 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 $653/mt (RMB 4,483/mt), with 20# (GB/T8163-1999) grade 219 mm x 6 mm seamless pipe at $656/mt (RMB 4,500/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 $544/mt (RMB 3,730/mt) and $546/mt (RMB 3,747/mt) respectively. All the above prices include 17 percent VAT.

The local Chinese seamless pipe market has moved on an upward trend during the past seven days, mainly due to the increases in billet prices. Activity in the market is still slack: traders have started to come back to the market after the holiday, but downstream demand still needs time to recover. As for the coming week, it is thought that domestic seamless pipe prices may move up slightly.

Local Chinese welded pipe prices have increased in the past week amid the upward movement of prices of steel strip and other finished steel products in China. Trading activity is still at low levels. While most traders hold a negative view of the future prospects for the welded pipe price trend, they consider that prices may move up further by a slight margin in the week ahead as traders have so far increased their prices by smaller margins compared to producers.  
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 4,250 620 ↑150
Guangzhou Shandong 4,750 692 ↑100
Beijing Angang 4,450 649 ↑100
Average price - 4,483 653 ↑117
Φ219 mm x 6 mm 20# (GB/T8163-1999) Shanghai Zhenda 4,300 627 ↑100
Guangzhou Angang 4,800 700 ↑100
Beijing Shandong 4,400 641 ↑100
Average price - 4,500 656 ↑100
Welded pipe Φ48 mm x 3.25 mm Q195-Q215 Shanghai Tangshan 3,770 550 ↑90
Guangzhou Guangzhou 3,850 561 ↑100
Beijing Jinghua 3,570 520 ↑150
Average price - 3,730 544 ↑113
Ф114 mm x 3.75 mm Q215-Q235 Shanghai Huaqi 3,790 552 ↑150
Guangzhou Guangzhou 3,900 569 ↑100
Beijing Zengzhou 3,550 517 ↑150
Average price - 3,746 546 ↑133
 
17 percent VAT is included in all prices and all prices are ex-warehouse.

$1 = RMB 6.86
 


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