Local Chinese steel pipe prices keep decreasing

Thursday, 18 November 2021 16:23:25 (GMT+3)   |   Shanghai
       

The local Chinese steel pipe prices have continued their downward trend during the past week.

As of November 18, in China's three main steel markets, i.e., Shanghai, Guangzhou and Beijing, the average price of 20# (GB/T8162-1999) grade 108 mm x 4.5 mm seamless pipe now stands at $972/mt (RMB 6,200/mt), with 20# (GB/T8163-1999) grade 219 mm x 6 mm seamless pipe at $973/mt (RMB 6,210/mt). Meanwhile, on the same date, Q195-215 grade 48 mm x 3.25 mm welded pipe and Q215-235 grade 114 mm x 3.75 mm welded pipe prices in the above markets are standing at $877/mt (RMB 5,593/mt) and $872/mt (RMB 5,563/mt) respectively. All the above prices include 13 percent VAT.

Chinese seamless pipe prices have continued their downward trend during the past week. Overall trading activity has improved slightly since prices rebounded a little during the middle of last week. But since upstream billet prices have softened again, seamless pipe prices have kept decreasing. As for the week ahead, considering the ongoing weakness of demand, it is believed that seamless pipe prices may move down by a small margin.

Chinese domestic welded pipe prices have continued to decline during the past week. Prices of steel strip and other raw materials have showed a downward trend both in the spot and futures markets. Overall trading activity is still weak, which can hardly support for welded pipe prices. As for the week ahead, it is believed that welded pipe prices may fluctuate on a downward 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

6,050

948

-200

Guangzhou

6,200

972

-250

Beijing

6,350

995

-150

Average price

6,200

972

-200

Φ219 mm x 6 mm

20# (GB/T8163-1999)

Shanghai

6,050

948

-200

Guangzhou

6,200

972

-250

Beijing

6,380

1,000

-150

Average price

6,210

973

-200

 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

5,590

876

-70

Guangzhou

5,620

881

-110

Beijing

5,570

873

-150

Average price

5,593

877

-110

Ф114 mm x 3.75 mm

Q215-Q235

Shanghai

5,600

878

-70

Guangzhou

5,620

881

-110

Beijing

5,470

857

-150

Average price

5,563

872

-110

All the above prices include 13 percent VAT.

$1 = RMB 6.380


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