Local Chinese steel pipe prices have moved on an upward trend during the past week.
Local Chinese seamless pipe prices have followed an upward trend during the past seven days amid higher billet and raw material prices, though many traders have been willing to offer discounts in order to close more deals. Overall trading activity has remained weak due to the off season. As for the week ahead, it is believed that seamless pipe prices may just indicate small fluctuations.
Chinese domestic welded pipe prices have indicated a relatively strong upward trend during the past week against the backdrop of higher prices of steel strip and raw materials. However, overall trading activity has remained at low levels due to the summer weather and the off-season. As for the week ahead, it is believed that welded pipe prices may show some small upticks.
Seamless pipe prices
|
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
|
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
4,930 |
692 |
50 |
|
Guangzhou |
5,030 |
706 |
80 |
||
|
Beijing |
4,940 |
693 |
90 |
||
|
Average price |
4,967 |
697 |
73 |
||
|
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
4,900 |
688 |
50 |
|
Guangzhou |
4,980 |
699 |
80 |
||
|
Beijing |
4,940 |
693 |
90 |
||
|
Average price |
4,940 |
693 |
73 |
All the above prices include 13 percent VAT.
Welded pipe prices
|
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
|
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
4,470 |
627 |
110 |
|
Guangzhou |
4,330 |
608 |
110 |
||
|
Beijing |
4,290 |
602 |
100 |
||
|
Average price |
4,363 |
612 |
107 |
||
|
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
4,340 |
609 |
110 |
|
Guangzhou |
4,330 |
608 |
110 |
||
|
Beijing |
4,210 |
591 |
100 |
||
|
Average price |
4,293 |
602 |
107 |
All the above prices include 13 percent VAT.
$1 = RMB 7.127