Local Chinese steel pipe prices fluctuate slightly

Friday, 02 December 2022 12:15:50 (GMT+3)   |   Shanghai
       

Local Chinese steel pipe prices have indicated minor fluctuations during the past week.

Chinese domestic seamless pipe prices have mostly softened slightly during the past week, influenced by small decreases seen in billet prices. Overall trading activity has been weak due to the off-season and ongoing Covid restrictions in certain areas of the country. As for the week ahead, it is believed that seamless pipe prices may continue their slight downtrend.

Local Chinese welded pipe prices have followed a slightly upward trend during the past week, supported by small increases in steel strip prices. Overall trading activity has improved a little but is still considered to be weak. As for the week ahead, considering the weakness of demand and support from the cost side, it is believed that welded pipe prices may just 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 

4,990 

701 

-40 

Guangzhou 

5,210 

731 

-30 

Beijing 

5,070 

712 

Average price 

5,090 

715 

-23 

Φ219 mm x 6 mm 

20# (GB/T8163-1999) 

Shanghai 

4,960 

696 

-40 

Guangzhou 

5,160 

724 

-30 

Beijing 

4,950 

695 

Average price 

5,023 

705 

-23 

 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 

4,350 

611 

Guangzhou 

4,380 

615 

30 

Beijing 

4,310 

605 

30 

Average price 

4,347 

610 

20 

Ф114 mm x 3.75 mm 

Q215-Q235 

Shanghai 

4,360 

612 

Guangzhou 

4,380 

615 

30 

Beijing 

4,230 

594 

30 

Average price 

4,323 

607 

20 

All the above prices include 13 percent VAT.

$1 = RMB 7.123 (December 1)


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