Local Chinese steel pipe prices indicate minor fluctuations

Friday, 03 July 2020 11:32:46 (GMT+3)   |   Shanghai
       

Local Chinese steel pipe prices have indicated minor fluctuations during the past week. 

Local Chinese seamless pipe prices have mostly indicated slight upticks during the past week influenced by increases in billet prices. Overall trading activity has been at normal levels. However, due to the offseason, most traders still hold a negative view of the market prospects and have been willing to offer certain discounts in order to close more deals. As for the week ahead, considering market inventory is at relatively high levels and that demand may weaken further, it is believed that local seamless pipe prices may soften slightly.  

Chinese domestic welded pipe prices have mostly softened slightly in the past seven days. Overall trading activity due to the offseason and rainy weather has been weak. Upstream steel strip prices have indicated upticks. Amid low demand, most welded pipe traders chose to slightly reduce their quoted prices in order to close more deals. As for the week ahead, it is believed that domestic welded pipe market prices may again follow a soft trend.

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

4,250

602

0

Guangzhou

4,500

638

50

Beijing

4,500

638

50

Average price

4,417

626

33

Φ219 mm x 6 mm

20# (GB/T8163-1999)

Shanghai

4,300

609

0

Guangzhou

4,550

645

50

Beijing

4,600

652

50

Average price

4,483

635

33

 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

4,090

580

-20

Guangzhou

4,250

602

-30

Beijing

4,150

588

40

Average price

4,163

590

-3

Ф114 mm x 3.75 mm

Q215-Q235

Shanghai

4,100

581

-20

Guangzhou

4,250

602

-30

Beijing

4,080

578

40

Average price

4,143

587

-3

All the above prices include 13 percent VAT.

$1 = RMB 7.057


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