The local Chinese steel pipe prices mostly have continued their downward trend during the past week.
As of November 25, 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 $954/mt (RMB 6,107/mt), with 20# (GB/T8163-1999) grade 219 mm x 6 mm seamless pipe at $956/mt (RMB 6,117/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 $863/mt (RMB 5,520/mt) and $858/mt (RMB 5,490/mt) respectively. All the above prices include 13 percent VAT.
Chinese seamless pipe prices have mostly declined during the past week. Overall trading activity has remained weak. Recently raw material prices have rebounded both in the spot and futures markets, providing support for seamless pipe prices. Pipe producers are mainly intent on reducing their production volumes, and so supply may remain at low levels. As for the week ahead, it is believed that seamless pipe prices may rebound slightly with the support of increases in raw material prices.
Local Chinese welded pipe prices have followed a mostly downward trend during the past week. Overall trading activity has been slow. Prices of steel strip and other raw materials have followed an upward trend. But demand is very low due to the winter weather, most traders still choose to reduce their quoted prices in order to close more deals. As for the week ahead, it is believed that welded pipe prices may decrease slightly.
Seamless pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
6,000 |
938 |
-50 |
Guangzhou |
6,200 |
969 |
0 |
||
Beijing |
6,120 |
957 |
-230 |
||
Average price |
6,107 |
954 |
-93 |
||
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
6,000 |
938 |
-50 |
Guangzhou |
6,200 |
969 |
0 |
||
Beijing |
6,150 |
961 |
-230 |
||
Average price |
6,117 |
956 |
-93 |
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 |
874 |
0 |
Guangzhou |
5,530 |
864 |
-90 |
||
Beijing |
5,440 |
850 |
-130 |
||
Average price |
5,520 |
863 |
-73 |
||
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
5,600 |
875 |
0 |
Guangzhou |
5,530 |
864 |
-90 |
||
Beijing |
5,340 |
835 |
-130 |
||
Average price |
5,490 |
858 |
-73 |
All the above prices include 13 percent VAT.
$1 = RMB 6.398