Local Chinese steel pipe prices have showed a strong upward trend during the past seven days.
Local Chinese seamless pipe prices have increased during the past week, supported by higher billet prices. Overall trading activity has been at a weak level. As for the week ahead, it is believed that seamless pipe prices may indicate slight increases.
Chinese domestic welded pipe prices have risen strongly during the past week on the back of rising prices of steel strip and other raw materials. Overall trading activity has increased and is considered to be at normal levels. As for the week ahead, it is believed that welded pipe prices may move up further, with some fluctuations possible.
Seamless pipe prices
| Spec | Category | Origin | Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
| Φ108 mm x 4.5 mm | 20# (GB/T8162-1999) | Shanghai | 4,310 |
604 |
60 |
| Guangzhou | 4,420 |
619 |
50 |
||
| Beijing | 4,370 |
612 |
80 |
||
| Average price | 4,367 |
612 |
63 |
||
| Φ219 mm x 6 mm | 20# (GB/T8163-1999) | Shanghai | 4,280 |
600 |
60 |
| Guangzhou | 4,350 |
609 |
70 |
||
| Beijing | 4,270 |
598 |
70 |
||
| Average price | 4,300 |
602 |
67 |
All the above prices include 13 percent VAT.
Welded pipe prices
| Spec | Category | Origin | Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
| Φ48 mm x 3.25 mm | Q195-Q215 | Shanghai | 3,850 |
539 |
150 |
| Guangzhou | 3,720 |
521 |
130 |
||
| Beijing | 3,750 |
525 |
120 |
||
| Average price | 3,773 |
529 |
133 |
||
| Ф114 mm x 3.75 mm | Q215-Q235 | Shanghai | 3,720 |
521 |
150 |
| Guangzhou | 3,720 |
521 |
130 |
||
| Beijing | 3,680 |
515 |
120 |
||
| Average price | 3,707 |
519 |
133 |
All the above prices include 13 percent VAT.
$1 = RMB 7.139
