Local Chinese steel pipe prices have continued their slight downtrend during past week.
Local Chinese seamless pipe prices have moved down by small margins during the past week amid minor downticks in billet prices. Overall trading activity has been at a normal level. Most traders have chosen to slightly reduce their quoted prices in order to close more deals. As for the week ahead, it is believed that seamless pipe prices may fluctuate by small margins.
Local Chinese welded pipe prices have also declined slightly during the past seven days, against the backdrop of the soft trend of prices of raw materials and steel strip. Overall trading activity has been at normal levels. As for the week ahead, it is believed that welded pipe prices may indicate small fluctuations.
Seamless pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
4,420 |
616 |
0 |
Guangzhou |
4,480 |
625 |
-20 |
||
Beijing |
4,450 |
620 |
-20 |
||
Average price |
4,450 |
620 |
-13 |
||
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
4,390 |
612 |
0 |
Guangzhou |
4,420 |
616 |
-20 |
||
Beijing |
4,300 |
599 |
-20 |
||
Average price |
4,370 |
609 |
-13 |
All the above prices include 13 percent VAT.
Welded pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
3,840 |
535 |
-10 |
Guangzhou |
3,840 |
535 |
-10 |
||
Beijing |
3,730 |
520 |
0 |
||
Average price |
3,803 |
530 |
-7 |
||
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
3,710 |
517 |
-10 |
Guangzhou |
3,840 |
535 |
-10 |
||
Beijing |
3,660 |
510 |
0 |
||
Average price |
3,737 |
521 |
-7 |
All the above prices include 13 percent VAT.
$1 = RMB 7.173
