Local Chinese steel pipe prices fluctuate slightly

Local Chinese steel pipe prices have shown slight fluctuations during the past week. 

Chinese domestic seamless pipe prices have been mostly stable in the past week, with some slight downticks too. Overall trading activity has been sluggish. Prices of billet and other raw materials have increased, providing some support for seamless pipe prices. However, since demand is slack due to the offseason and winter weather, certain traders still chose to reduce their quoted prices in order to close more deals. As for the week ahead, it is believed that domestic seamless pipe prices may continue to indicate minor fluctuations.

Local Chinese welded pipe prices have mostly edged up slightly during the past week, supported by higher prices of steel strip and other raw materials both in the spot and futures markets. Overall trading activity has improved slightly but is still weak due to the offseason and cold weather. As for the week ahead, it is believed that welded pipe prices may fluctuate slightly against the backdrop of ongoing weak demand and support from costs.

Seamless pipe prices

 All the above prices include 13 percent VAT. 

Welded pipe prices

All the above prices include 13 percent VAT.

$1 = RMB 6.354