Local Chinese steel pipe prices have indicated small fluctuations during the past week.
Local Chinese seamless pipe prices have fluctuated during the past seven days, with minor upticks seen week on week, amid just minor movements seen in prices of billet and raw materials. Overall trading activity has been at normal levels. As for the week ahead, it is believed that seamless pipe prices may continue to fluctuate, with an upward bias.
Chinese domestic welded pipe prices have also indicated minor fluctuations during the past week, with prices down slightly week on week amid some downticks observed in prices of steel strip. Most welded pipe traders have been ready to drop their quoted prices by small margins ahead of the Labor Day holiday. Overall trading activity has been sluggish. As for the week ahead, it is believed that welded pipe prices may just indicate minor changes.
Seamless pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ108 mm x 4.5 mm | 20# (GB/T8162-1999) | Shanghai | 4,320 | 599 | 30 |
| Guangzhou | 4,430 | 614 | 0 | ||
| Beijing | 4,340 | 602 | 10 | ||
| Average price | 4,363 | 605 | 13 | ||
| Φ219 mm x 6 mm | 20# (GB/T8163-1999) | Shanghai | 4,290 | 595 | 30 |
| Guangzhou | 4,340 | 602 | -30 | ||
| Beijing | 4,220 | 585 | 10 | ||
| Average price | 4,283 | 594 | 3 |
All the above prices include 13 percent VAT.
Welded pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ48 mm x 3.25 mm | Q195-Q215 | Shanghai | 3,690 | 512 | -50 |
| Guangzhou | 3,680 | 510 | -40 | ||
| Beijing | 3,670 | 509 | -30 | ||
| Average price | 3,680 | 510 | -40 | ||
| Ф114 mm x 3.75 mm | Q215-Q235 | Shanghai | 3,560 | 494 | -50 |
| Guangzhou | 3,680 | 510 | -40 | ||
| Beijing | 3,600 | 499 | -30 | ||
| Average price | 3,613 | 501 | -40 |
All the above prices include 13 percent VAT.
$1 = RMB 7.210
