Local Chinese steel pipe prices have fluctuated slightly during the past week.
Local Chinese seamless pipe prices have indicated a mostly stable trend in the past week, with slight downticks also seen. Overall trading activity has been weak. Upstream billet prices have softened a little, but most traders have chosen to keep their prices stable. Market inventory has risen slightly and demand has not showed signs of recovering. As for the week ahead, it is believed that seamless pipe prices may indicate minor fluctuations.
Chinese domestic welded pipe prices have rebounded by small margins. Upstream steel strip prices have recovered a little, causing many traders to raise their welded pipe prices slightly. Trading activity has also improved a little, which also provides support for welded pipe prices. As for the week ahead, it is believed that welded pipe prices may fluctuate slightly.
Seamless pipe prices
|
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
|
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
6,100 |
942 |
0 |
|
Guangzhou |
6,300 |
973 |
0 |
||
|
Beijing |
6,350 |
981 |
-20 |
||
|
Average price |
6,250 |
966 |
-7 |
||
|
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
6,100 |
942 |
0 |
|
Guangzhou |
6,300 |
973 |
0 |
||
|
Beijing |
6,400 |
989 |
-20 |
||
|
Average price |
6,267 |
968 |
-7 |
All the above prices include 13 percent VAT.
Welded pipe prices
|
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
|
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
5,990 |
925 |
30 |
|
Guangzhou |
6,150 |
950 |
60 |
||
|
Beijing |
6,070 |
938 |
-20 |
||
|
Average price |
6,070 |
938 |
23 |
||
|
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
6,000 |
927 |
30 |
|
Guangzhou |
6,150 |
950 |
60 |
||
|
Beijing |
5,970 |
922 |
-20 |
||
|
Average price |
6,040 |
933 |
23 |
All the above prices include 13 percent VAT.
$1 = RMB 6.473