Local Chinese steel pipe prices have indicated small fluctuations during the past week.
Local Chinese seamless pipe prices have softened slightly during the past seven days, with most traders choosing to lower their prices in order to close more deals. Overall trading activity has been weak due to the offseason. As for the week ahead, considering the weakness of demand, it is believed that seamless pipe prices may continue to soften by small margins.
Chinese domestic welded pipe prices have moved sideways or risen slightly during the past week, supported by some upticks in prices of steel strip. Overall trading activity has been weak. As for the week ahead, it is believed that welded pipe prices may just indicate small fluctuations.
Seamless pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ108 mm x 4.5 mm | 20# (GB/T8162-1999) | Shanghai | 4,390 | 611 | -50 |
| Guangzhou | 4,470 | 622 | -50 | ||
| Beijing | 4,500 | 626 | -30 | ||
| Average price | 4,453 | 620 | -43 | ||
| Φ219 mm x 6 mm | 20# (GB/T8163-1999) | Shanghai | 4,360 | 607 | -50 |
| Guangzhou | 4,410 | 614 | -50 | ||
| Beijing | 4,350 | 605 | -30 | ||
| Average price | 4,373 | 608 | -43 |
All the above prices include 13 percent VAT.
Welded pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ48 mm x 3.25 mm | Q195-Q215 | Shanghai | 4,000 | 556 | 0 |
| Guangzhou | 4,010 | 558 | 40 | ||
| Beijing | 3,830 | 533 | 0 | ||
| Average price | 3,947 | 549 | 13 | ||
| Ф114 mm x 3.75 mm | Q215-Q235 | Shanghai | 3,870 | 538 | 0 |
| Guangzhou | 4,010 | 558 | 40 | ||
| Beijing | 3,760 | 523 | 0 | ||
| Average price | 3,880 | 540 | 13 |
All the above prices include 13 percent VAT.
$1 = RMB 7.188
