Local Chinese steel pipe prices fluctuate slightly

Thursday, 13 January 2022 17:32:39 (GMT+3)   |   Shanghai
       

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

Spec

Category

Origin

Price (RMB/mt)

Price ($/mt)

Weekly change (RMB/mt)

Φ108 mm x 4.5 mm

20# (GB/T8162-1999)

Shanghai

5,850

921

0

Guangzhou

6,050

952

-50

Beijing

5,900

929

0

Average price

5,933

934

-17

Φ219 mm x 6 mm

20# (GB/T8163-1999)

Shanghai

5,850

921

0

Guangzhou

6,050

952

-50

Beijing

5,980

941

0

Average price

5,960

938

-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

5,290

833

0

Guangzhou

5,350

842

30

Beijing

5,340

840

30

Average price

5,327

838

20

Ф114 mm x 3.75 mm

Q215-Q235

Shanghai

5,300

834

0

Guangzhou

5,350

842

30

Beijing

5,240

825

30

Average price

5,297

834

20

All the above prices include 13 percent VAT.

$1 = RMB 6.354


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