Local Chinese steel pipe prices have moved down by small margins during the past week.
Chinese domestic seamless pipe prices have indicated small decreases during the past seven days due to the weakness of overall trading activity and demand, even though billet prices have rebounded slightly. As for the week ahead, it is believed that seamless pipe prices may move up by small margins.
Local Chinese welded pipe prices have declined by small margins during the past week. Overall trading activity is still at low levels, causing most traders to reduce their quoted prices, even though prices of steel strip and other raw materials have moved up lately. As for the week ahead, it is believed that domestic welded pipe prices will just indicate small fluctuations.
Seamless pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
4,320 |
607 |
-30 |
Guangzhou |
4,450 |
625 |
-50 |
||
Beijing |
4,380 |
615 |
-60 |
||
Average price |
4,383 |
616 |
-47 |
||
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
4,290 |
602 |
-30 |
Guangzhou |
4,370 |
614 |
-50 |
||
Beijing |
4,270 |
600 |
-60 |
||
Average price |
4,310 |
605 |
-47 |
All the above prices include 13 percent VAT.
Welded pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
3,640 |
511 |
-10 |
Guangzhou |
3,550 |
499 |
-20 |
||
Beijing |
3,490 |
490 |
-60 |
||
Average price |
3,560 |
500 |
-30 |
||
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
3,510 |
493 |
-10 |
Guangzhou |
3,550 |
499 |
-20 |
||
Beijing |
3,420 |
480 |
-60 |
||
Average price |
3,493 |
491 |
-30 |
All the above prices include 13 percent VAT.
$1 = RMB 7.121
