Local Chinese steel pipe prices fluctuate

Thursday, 17 March 2022 17:45:57 (GMT+3)   |   Shanghai
       

The local Chinese steel pipe prices have showed fluctuations during the past week.

As of March 17, in China's three main steel markets, i.e., Shanghai, Guangzhou and Beijing, the average price of 20# (GB/T8162-1999) grade 108 mm x 4.5 mm seamless pipe now stands at $975/mt (RMB6,183/mt), with 20# (GB/T8163-1999) grade 219 mm x 6 mm seamless pipe at $979/mt (RMB 6,210/mt). Meanwhile, on the same date, Q195-215 grade 48 mm x 3.25 mm welded pipe and Q215-235 grade 114 mm x 3.75 mm welded pipe prices in the above markets are standing at $868/mt (RMB 5,507/mt) and $864/mt (RMB 5,477/mt) respectively. All the above prices include 13 percent VAT.

Chinese seamless pipe prices are up slightly compared to last week. Prices of billet and raw materials have fluctuated, indicating some declines. Since trading activity and supply are both low, most traders have chosen to keep their quoted prices more or less stable. Some traders have raised their prices slightly compared to last week. Most buyers have been maintaining a wait-and-see stance. As for the week ahead, it is believed that seamless pipe prices may move down by a small margin.

Chinese welded pipe prices have indicated fluctuations, with some softening seen in prices. Overall trading activity has improved slightly amid better construction activity, but the demand side is only purchasing in line with needs, considering the declines in raw material and welded pipe prices, which have also impacted welded pipe prices. As for the week ahead, it is believed that welded pipe prices may move down slightly, amid weaker cost support and recovering demand.  

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

6,100

962

0

Guangzhou

6,250

986

0

Beijing

6,200

978

+80

Average price

6,183

975

+27

Φ219 mm x 6 mm

20# (GB/T8163-1999)

Shanghai

6,100

962

0

Guangzhou

6,250

986

0

Beijing

6,280

990

+80

Average price

6,210

979

+27

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

5,460

861

-90

Guangzhou

5,600

883

-20

Beijing

5,460

861

-50

Average price

5,507

868

-53

Ф114 mm x 3.75 mm

Q215-Q235

Shanghai

5,470

863

-90

Guangzhou

5,600

883

-20

Beijing

5,360

845

-50

Average price

5,477

864

-53

All the above prices include 13 percent VAT.

$1 = RMB 6.341


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