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 ($/mt) |
Weekly Change (RMB/mt) |
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
4,990 |
701 |
-40 |
Guangzhou |
5,210 |
731 |
-30 |
||
Beijing |
5,070 |
712 |
0 |
||
Average price |
5,090 |
715 |
-23 |
||
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
4,960 |
696 |
-40 |
Guangzhou |
5,160 |
724 |
-30 |
||
Beijing |
4,950 |
695 |
0 |
||
Average price |
5,023 |
705 |
-23 |
All the above prices include 13 percent VAT.
Welded pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
4,350 |
611 |
0 |
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 |
0 |
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)