Local Chinese steel pipe prices have mostly followed a slight downtrend during past week.
Local Chinese seamless pipe prices have moved sideways or down slightly during the past seven days. Overall trading activity has been at a normal level. Upstream billet prices and other raw material prices have showed a slightly soft trend, leading certain seamless pipe traders to choose to follow suit. However, since demand is still at normal levels, most traders have chosen to keep their quoted prices stable. As for the week ahead, it is believed that seamless pipe prices may remain mostly stable.
Local Chinese welded pipe prices have moved down slightly during the past week due to the soft trend of steel strip prices. Overall trading activity has been at normal levels. As for the week ahead, it is believed that welded pipe prices may fluctuate by small margins.
Seamless pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
4,420 |
617 |
-30 |
Guangzhou |
4,500 |
628 |
0 |
||
Beijing |
4,470 |
624 |
0 |
||
Average price |
4,463 |
623 |
-10 |
||
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
4,390 |
612 |
-30 |
Guangzhou |
4,440 |
619 |
0 |
||
Beijing |
4,320 |
603 |
0 |
||
Average price |
4,383 |
611 |
-10 |
All the above prices include 13 percent VAT.
Welded pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
3,850 |
537 |
-10 |
Guangzhou |
3,850 |
537 |
-20 |
||
Beijing |
3,730 |
520 |
-20 |
||
Average price |
3,810 |
531 |
-17 |
||
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
3,720 |
519 |
-10 |
Guangzhou |
3,850 |
537 |
-20 |
||
Beijing |
3,660 |
511 |
-20 |
||
Average price |
3,743 |
522 |
-17 |
All the above prices include 13 percent VAT.
$1 = RMB 7.169
