Local Chinese steel pipe prices follow a rising trend

Thursday, 21 November 2019 14:58:15 (GMT+3)   |   Shanghai
       

The local Chinese steel pipe market prices have showed a mostly rebounding trend during the past week.

Local Chinese seamless pipe prices have mostly rebounded during the past seven days. Overall trading activity is still at low levels. Despite the rise in prices of billet and other raw materials on the upstream side, traders have only slightly increased their seamless pipe prices given the weakness of demand and the current off-season. As for the week ahead, it is believed that local seamless pipe prices may indicate small fluctuations.

Local Chinese welded pipe prices have moved on an upward trend during the past week. Overall trading activity is at low levels. The rising price trend has been due to the sharp increases seen in upstream prices of steel strip and raw material prices. However, trading activity has been reduced due to the offseason and the higher prices. As for the week ahead, it is believed that domestic welded pipe prices may edge up slightly, supported by relatively low inventory levels.  

Product Name

Spec

Category

City

Steel Plant/Origin

Price (RMB/mt)

Price ($/mt)

Weekly Change (RMB/mt)

Seamless pipe

Φ108 mm x 4.5 mm

20# (GB/T8162-1999)

Shanghai

Wuxi

4,500

641

-50

Guangzhou

Shandong

4,750

677

+50

Beijing

Angang

4,700

670

+50

Average price

-

4,650

662

+17

Φ219 mm x 6 mm

20# (GB/T8163-1999)

Shanghai

Zhenda

4,500

641

0

Guangzhou

Angang

4,850

691

+50

Beijing

Shandong

4,800

684

+50

Average price

-

4,717

672

+33

Welded pipe

Φ48 mm x 3.25 mm

Q195-Q215

Shanghai

Tangshan

4,230

603

+80

Guangzhou

Guangzhou

4,500

641

+120

Beijing

Jinghua

4,170

594

+70

Average price

-

4,300

613

+90

Ф114 mm x 3.75 mm

Q215-Q235

Shanghai

Huaqi

4,170

594

+80

Guangzhou

Guangzhou

4,500

641

+120

Beijing

Zengzhou

4,100

584

+70

Average price

-

4,257

606

+90

 
All the above prices include 13 percent VAT.

 $1 = RMB 7.02


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