The local Chinese steel pipe prices have continued to move down by a small margin during the past week.
Chinese domestic seamless pipe prices have moved down slightly during the past seven days amid lower prices of billet and other raw materials. Overall trading activity has been weak. Supply has declined but demand has also been low due to the off-season. As for the week ahead, it is believed that seamless pipe prices may indicate further slight declines.
Local Chinese welded pipe prices have moved down during the past week against the backdrop of decreases in upstream prices. Overall trading activity has remained weak due to hot and rainy weather in certain parts of the country. As for the week ahead, it is believed that welded pipe prices may just indicate slight fluctuations, as demand starts to recover.
Seamless pipe prices
|
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
|
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
5,400 |
785 |
-50 |
|
Guangzhou |
5,590 |
812 |
-60 |
||
|
Beijing |
5,460 |
793 |
-50 |
||
|
Average price |
5,483 |
797 |
-53 |
||
|
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
5,370 |
780 |
-50 |
|
Guangzhou |
5,510 |
801 |
-60 |
||
|
Beijing |
5,340 |
776 |
-50 |
||
|
Average price |
5,407 |
786 |
-53 |
All the above prices include 13 percent VAT.
Welded pipe prices
|
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
|
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
4,540 |
660 |
-20 |
|
Guangzhou |
4,560 |
663 |
-10 |
||
|
Beijing |
4,490 |
652 |
0 |
||
|
Average price |
4,530 |
658 |
-10 |
||
|
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
4,550 |
661 |
-20 |
|
Guangzhou |
4,560 |
663 |
-10 |
||
|
Beijing |
4,410 |
641 |
0 |
||
|
Average price |
4,507 |
655 |
-10 |
All the above prices include 13 percent VAT.
$1 = RMB 6.882