Local Chinese steel pipe prices have followed fluctuating trend during the past week.
Chinese domestic seamless pipe prices have followed a slightly soft trend during the past seven days due to poor trading activity, despite the increases seen in billet prices. As for the week ahead, it is believed that seamless pipe prices may rebound due to strong support from raw material costs.
Local Chinese welded pipe prices have fluctuated on an upward trend during the past week, supported by higher prices of steel strip and other raw materials amid positive macroeconomic news. Overall trading activity has increased and is considered to be at normal levels. As for the week ahead, it is believed that welded pipe prices may indicate further minor increases.
Seamless pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
4,290 |
610 |
-30 |
Guangzhou |
4,420 |
628 |
-30 |
||
Beijing |
4,350 |
618 |
-30 |
||
Average price |
4,353 |
619 |
-30 |
||
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
4,260 |
606 |
-30 |
Guangzhou |
4,340 |
617 |
-30 |
||
Beijing |
4,240 |
603 |
-30 |
||
Average price |
4,280 |
608 |
-30 |
All the above prices include 13 percent VAT.
Welded pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
3,710 |
527 |
40 |
Guangzhou |
3,620 |
515 |
90 |
||
Beijing |
3,600 |
512 |
70 |
||
Average price |
3,643 |
518 |
67 |
||
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
3,580 |
509 |
40 |
Guangzhou |
3,620 |
515 |
90 |
||
Beijing |
3,530 |
502 |
70 |
||
Average price |
3,577 |
508 |
67 |
All the above prices include 13 percent VAT.
$1 = RMB 7.035
