The local Chinese steel pipe prices have indicated small fluctuations during the past week.
Local Chinese seamless pipe prices have fluctuated on a slightly soft trend during the past week, though some increases in billet prices have provided a certain degree of support for seamless pipe prices. Overall trading activity has been weak due to the off-season and hot summer weather. The weakness of demand has led most traders to reduce their quoted prices in order to close more deals. As for the week ahead, it is believed that seamless pipe prices may indicate small fluctuations.
Chinese domestic welded pipe prices have mostly fluctuated on a slightly upward trend during the past week, supported by increases in prices of steel strip and raw materials. Overall trading activity has been weak. Downstream demand is mainly in wait-and-see mode. As for the week ahead, considering the support from the cost side, it is believed that welded pipe prices may move sideways or up slightly.
Seamless pipe prices
|
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
|
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
4,770 |
667 |
30 |
|
Guangzhou |
5,000 |
699 |
-50 |
||
|
Beijing |
4,840 |
677 |
-10 |
||
|
Average price |
4,870 |
681 |
-10 |
||
|
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
4,740 |
663 |
30 |
|
Guangzhou |
4,950 |
692 |
-50 |
||
|
Beijing |
4,840 |
677 |
-10 |
||
|
Average price |
4,843 |
677 |
-10 |
All the above prices include 13 percent VAT.
Welded pipe prices
|
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
|
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
4,410 |
617 |
60 |
|
Guangzhou |
4,240 |
593 |
0 |
||
|
Beijing |
4,160 |
582 |
50 |
||
|
Average price |
4,270 |
597 |
37 |
||
|
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
4,280 |
599 |
60 |
|
Guangzhou |
4,240 |
593 |
0 |
||
|
Beijing |
4,080 |
571 |
50 |
||
|
Average price |
4,200 |
587 |
37 |
All the above prices include 13 percent VAT.
$1 = RMB 7.149