Local Chinese steel pipe prices mostly decrease slightly

Thursday, 08 August 2019 17:21:34 (GMT+3)   |   Shanghai
       

As of August 8, 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 $681/mt (RMB 4,683/mt), with 20# (GB/T8163-1999) grade 219 mm x 6 mm seamless pipe at $688/mt (RMB 4,733/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 $635/mt (RMB 4,370/mt) and $629/mt (RMB 4,327/mt) respectively. All the above prices include 13 percent VAT.

Chinese domestic seamless pipe prices have either moved sideways or softened slightly during the past week. Overall trading activity has been low levels due to the current off-season and hot summer weather. Environmental measures have limited production volumes of seamless pipe, providing support for prices. Considering the steel market is generally characterized by weakness due to macroeconomic factors, it is believed that domestic seamless pipe prices in China may decline by small margins in the coming week.

Local Chinese welded pipe prices have indicated minor decreases during the past week. Overall trading activity has been sluggish, with demand influenced by the hot weather conditions. Most traders hold a negative view of the prospects for the market considering the macroeconomic situation. As for the week ahead, it is believed that domestic welded pipe prices may move down slightly.  

Product Name

Spec.

Category

City

Steel Plant/Origin

Price (RMB/mt)

Price ($/mt)

Weekly Change (RMB/mt)

Seamless pipe

Φ108 mm x 4.5 mm

20# (GB/T8162-1999)

Shanghai

Wuxi

4,650

664

0

Guangzhou

Shandong

4,800

686

0

Beijing

Angang

4,600

657

↓50

Average price

-

4,683

669

↓17

Φ219 mm x 6 mm

20# (GB/T8163-1999)

Shanghai

Zhenda

4,700

671

0

Guangzhou

Angang

4,800

686

0

Beijing

Shandong

4,700

671

↓50

Average price

-

4,733

676

↓17

Welded pipe

Φ48 mm x 3.25 mm

Q195-Q215

Shanghai

Tangshan

4,370

624

↓20

Guangzhou

Guangzhou

4,480

640

↓60

Beijing

Jinghua

4,260

609

↓70

Average price

-

4,370

624

↓50

Ф114 mm x 3.75 mm

Q215-Q235

Shanghai

Huaqi

4,310

616

↓20

Guangzhou

Guangzhou

4,480

640

↓60

Beijing

Zengzhou

4,190

599

↓70

Average price

-

4,327

618

↓50

13 percent VAT is included in all prices and all prices are ex-warehouse.

$1 = RMB 7.00


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