Local Chinese steel pipe prices have indicated small fluctuations during the past week.
Local Chinese seamless pipe prices have moved sideways or down slightly during the past seven days amid the weakness of demand and overall trading activity. Upstream billet prices have indicated small fluctuations. As for the week ahead, it is believed that seamless pipe prices may just see minor changes.
Local Chinese welded pipe prices have fluctuated by small margins during the past week, rising slightly week on week supported by small rises in prices of steel strip and raw materials. Overall trading activity has been at normal levels. As for the week ahead, it is believed that welded pipe prices may continue to indicate small fluctuations.
Seamless pipe prices
| Spec | Category | Origin | Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
| Φ108 mm x 4.5 mm | 20# (GB/T8162-1999) | Shanghai | 4,320 |
602 |
-50 |
| Guangzhou | 4,480 |
624 |
0 |
||
| Beijing | 4,420 |
616 |
0 |
||
| Average price | 4,407 |
614 |
-17 |
||
| Φ219 mm x 6 mm | 20# (GB/T8163-1999) | Shanghai | 4,290 |
598 |
-50 |
| Guangzhou | 4,420 |
616 |
0 |
||
| Beijing | 4,270 |
595 |
0 |
||
| Average price | 4,327 |
603 |
-17 |
All the above prices include 13 percent VAT.
Welded pipe prices
| Spec | Category | Origin | Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
| Φ48 mm x 3.25 mm | Q195-Q215 | Shanghai | 3,830 |
534 |
0 |
| Guangzhou | 3,810 |
531 |
10 |
||
| Beijing | 3,720 |
518 |
10 |
||
| Average price | 3,787 |
528 |
7 |
||
| Ф114 mm x 3.75 mm | Q215-Q235 | Shanghai | 3,700 |
516 |
0 |
| Guangzhou | 3,810 |
531 |
10 |
||
| Beijing | 3,650 |
509 |
10 |
||
| Average price | 3,720 |
518 |
7 |
All the above prices include 13 percent VAT.
$1 = RMB 7.176
