Local Chinese steel pipe prices have continued to fluctuate slightly during the past week.
Local Chinese seamless pipe prices have indicated small fluctuations during the past seven days. Overall trading activity has increased in certain areas, causing seamless pipe prices to rebound a little in those areas, though in general prices have lacked support as upstream billet prices have moved down a little. As for the week ahead, it is believed that seamless pipe prices may continue to indicate minor fluctuations.
Chinese welded pipe prices have continued to move down slightly during the past week amid declines in prices of steel strip and other raw materials. Overall trading activity has been sluggish due to the off-season and the approach of the Chinese New Year. As for the week ahead, it is believed that welded pipe prices may continue to decrease by small margins.
Seamless pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ108 mm x 4.5 mm | 20# (GB/T8162-1999) | Shanghai | 4,480 | 623 | 20 |
| Guangzhou | 4,500 | 626 | 20 | ||
| Beijing | 4,490 | 625 | -10 | ||
| Average price | 4,490 | 625 | 10 | ||
| Φ219 mm x 6 mm | 20# (GB/T8163-1999) | Shanghai | 4,450 | 619 | 20 |
| Guangzhou | 4,440 | 618 | 20 | ||
| Beijing | 4,340 | 604 | -10 | ||
| Average price | 4,410 | 613 | 10 |
All the above prices include 13 percent VAT.
Welded pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ48 mm x 3.25 mm | Q195-Q215 | Shanghai | 3,850 | 536 | -40 |
| Guangzhou | 4,010 | 558 | 0 | ||
| Beijing | 3,690 | 513 | -60 | ||
| Average price | 3,850 | 536 | -33 | ||
| Ф114 mm x 3.75 mm | Q215-Q235 | Shanghai | 3,720 | 517 | -40 |
| Guangzhou | 4,010 | 558 | 0 | ||
| Beijing | 3,620 | 504 | -60 | ||
| Average price | 3,783 | 526 | -33 |
All the above prices include 13 percent VAT.
$1 = RMB 7.189
