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