Local Chinese steel pipe prices have followed a slightly soft trend during the past week.
Local Chinese seamless pipe prices have followed a declining trend during the past seven days amid small downticks in upstream billet prices. Overall trading activity has been sluggish. Due to the off-season, most traders have chosen to reduce their quoted prices in order to close more deals. As for the week ahead, it is believed that seamless pipe prices may see a stable or slightly soft trend.
Local Chinese welded pipe prices have mostly moved down by small margins during the past week amid slight decreases seen in steel strip prices. Overall trading activity has been weak due to the off-season. As for the week ahead, it is believed that welded pipe prices may again decline by small margins.
Seamless pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ108 mm x 4.5 mm | 20# (GB/T8162-1999) | Shanghai | 4,220 | 589 | -20 |
| Guangzhou | 4,330 | 605 | -40 | ||
| Beijing | 4,270 | 596 | -30 | ||
| Average price | 4,273 | 597 | -30 | ||
| Φ219 mm x 6 mm | 20# (GB/T8163-1999) | Shanghai | 4,190 | 585 | -20 |
| Guangzhou | 4,230 | 591 | -50 | ||
| Beijing | 4,180 | 584 | -30 | ||
| Average price | 4,200 | 586 | -33 |
All the above prices include 13 percent VAT.
Welded pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ48 mm x 3.25 mm | Q195-Q215 | Shanghai | 3,630 | 507 | -20 |
| Guangzhou | 3,580 | 500 | -30 | ||
| Beijing | 3,580 | 500 | 0 | ||
| Average price | 3,597 | 502 | -17 | ||
| Ф114 mm x 3.75 mm | Q215-Q235 | Shanghai | 3,500 | 489 | -20 |
| Guangzhou | 3,580 | 500 | -30 | ||
| Beijing | 3,510 | 490 | 0 | ||
| Average price | 3,530 | 493 | -17 |
All the above prices include 13 percent VAT.
$1 = RMB 7.162