Local Chinese steel pipe prices decrease slightly

Thursday, 26 September 2019 17:25:12 (GMT+3)   |   Shanghai
       

Local Chinese steel pipe prices have followed a slight downward trend during the past week.

Chinese domestic seamless pipe prices have mainly decreased slightly during the past seven days. Overall trading activity has increased but is still at low levels since buyers are reluctant to increase stock levels. Upstream billet prices have indicated significant increases. As for the coming period, it is believed that prices of seamless pipe may just indicate small fluctuations ahead of the National Day holiday.

Local Chinese welded pipe prices have indicated minor decreases during the past week. Overall trading activity has been at low levels due to the approach of the holiday period and downstream operators are mostly halting their operations. Upstream steel strip prices have been fluctuating and have not given strong support to welded pipe prices. Most traders have chosen to reduce their quoted prices slightly. After the holiday period Chinese welded pipe prices may indicate small fluctuations. 

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

4,650

658

-50

Guangzhou

Shandong

4,900

693

-50

Beijing

Angang

4,600

651

0

Average price

-

4,717

667

-33

Φ219 mm x 6 mm

20# (GB/T8163-1999)

Shanghai

Zhenda

4,700

665

-50

Guangzhou

Angang

4,950

700

-50

Beijing

Shandong

4,700

665

0

Average price

-

4,783

677

-33

Welded pipe

Φ48 mm x 3.25 mm

Q195-Q215

Shanghai

Tangshan

4,260

603

-30

Guangzhou

Guangzhou

4,340

614

-40

Beijing

Jinghua

4,100

580

-30

Average price

-

4,233

599

-33

Ф114 mm x 3.75 mm

Q215-Q235

Shanghai

Huaqi

4,200

594

-30

Guangzhou

Guangzhou

4,340

614

-40

Beijing

Zengzhou

4,030

570

-30

Average price

-

4,190

593

-33

 
All the above prices include 13 percent VAT.

 $1 = RMB 7.07

 


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