Local Chinese steel pipe prices have followed a downward trend during the past week amid weak demand and lower upstream prices.
Local Chinese seamless pipe prices have mostly continued to indicate a slight downtrend during the past seven days amid downticks in billet prices, while overall trading activity for seamless pipes has remained at a low level. As for the week ahead, it is believed that seamless pipe prices just fluctuate by small margins.
Chinese domestic welded pipe prices have followed a downward trend during the past week amid the continuing overall weak trading activity and lower prices for steel strip and other raw materials. As for the week ahead, it is believed that welded pipe prices may indicate minor fluctuations.
Seamless pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ108 mm x 4.5 mm | 20# (GB/T8162-1999) | Shanghai | 4,200 | 593 | 0 |
| Guangzhou | 4,330 | 611 | -20 | ||
| Beijing | 4,210 | 594 | -20 | ||
| Average price | 4,247 | 599 | -13 | ||
| Φ219 mm x 6 mm | 20# (GB/T8163-1999) | Shanghai | 4,170 | 588 | 0 |
| Guangzhou | 4,230 | 597 | -20 | ||
| Beijing | 4,110 | 580 | -20 | ||
| Average price | 4,170 | 588 | -13 |
All the above prices include 13 percent VAT.
Welded pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ48 mm x 3.25 mm | Q195-Q215 | Shanghai | 3,720 | 525 | -20 |
| Guangzhou | 3,630 | 512 | -20 | ||
| Beijing | 3,610 | 509 | -50 | ||
| Average price | 3,653 | 516 | -30 | ||
| Ф114 mm x 3.75 mm | Q215-Q235 | Shanghai | 3,590 | 507 | -20 |
| Guangzhou | 3,630 | 512 | -20 | ||
| Beijing | 3,540 | 500 | -50 | ||
| Average price | 3,587 | 506 | -30 |
All the above prices include 13 percent VAT.
$1 = RMB 7.086