Local Chinese steel pipe prices decrease slightly

Monday, 31 October 2022 11:08:11 (GMT+3)   |   Shanghai
       

The local Chinese steel pipe prices have moved down slightly during the past week.

Chinese seamless pipe prices have moved down by a small margin during the past seven days, influenced also by lower billet prices. Overall trading activity has been weak especially give the coronavirus restriction measures in many parts of the country. Supply is at normal levels, while inventories have increased due to slack demand. As for the week ahead, it is believed that seamless pipe prices may continue to soften.

Chinese welded pipe prices have indicated a slight downtrend during the past week amid softer upstream costs. Demand is still weak due to coronavirus measures and transportation issues. As for the week ahead, it is believed that welded pipe prices may again decline slightly.

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

5,170

722

-30

Guangzhou

5,470

764

-20

Beijing

5,270

736

-60

Average price

5,303

741

-37

Φ219 mm x 6 mm

20# (GB/T8163-1999)

Shanghai

5,140

718

-30

Guangzhou

5,390

753

-20

Beijing

5,150

720

-60

Average price

5,227

730

-37

 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

4,440

620

-20

Guangzhou

4,430

619

-50

Beijing

4,350

608

-80

Average price

4,407

616

-50

Ф114 mm x 3.75 mm

Q215-Q235

Shanghai

4,450

622

-20

Guangzhou

4,430

619

-50

Beijing

4,270

597

-80

Average price

4,383

612

-50

All the above prices include 13 percent VAT.

 $1 = RMB 7.157


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