The local Chinese steel pipe market has mostly moved on a soft trend in the past week.
As of December 28, 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 $868/mt (RMB 5,650/mt), with 20# (GB/T8163-1999) grade 219 mm x 6 mm seamless pipe at $860/mt (RMB 5,600/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 $697/mt (RMB 4,540/mt) and $693/mt (RMB 4,510/mt) respectively. All the above prices include 17 percent VAT.
The local Chinese seamless pipe market has followed a slight downtrend in the past seven days, influenced by decreases in billet prices. Trading activity in the market remains sluggish. With inventories at low levels, traders are unwilling to reduce their prices sharply. As for the coming week, it is thought that domestic seamless pipe prices may follow a mostly stable trend, with slight declines in prices also possible amid the ongoing offseason for demand.
The Chinese domestic welded pipe market has indicated a decreasing trend in the past week, mainly due to the declines seen in steel strip prices. Traders are mostly downbeat on the prospects for the market and are maintaining a wait-and-see stance. Both trading activity and supply volumes are on the low side. As for the week ahead, it is believed that domestic welded pipe prices may fluctuate on a downward trend.
Product Name |
Spec. |
Category |
City |
Steel Plant/Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Seamless pipe |
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
Wuxi |
5,550 |
853 |
↓50 |
Guangzhou |
Shandong |
5,850 |
899 |
↓50 |
|||
Beijing |
Angang |
5,550 |
853 |
0 |
|||
Average price |
- |
5,650 |
868 |
↓33 |
|||
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
Zhenda |
5,450 |
837 |
↓50 |
|
Guangzhou |
Angang |
5,850 |
899 |
↓50 |
|||
Beijing |
Shandong |
5,500 |
845 |
0 |
|||
Average price |
- |
5,600 |
860 |
↓33 |
|||
Welded pipe |
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
Tangshan |
4,510 |
693 |
↓150 |
Guangzhou |
Guangzhou |
4,730 |
727 |
↓20 |
|||
Beijing |
Jinghua |
4,380 |
673 |
↓100 |
|||
Average price |
- |
4,540 |
697 |
↓90 |
|||
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
Huaqi |
4,420 |
679 |
↓150 |
|
Guangzhou |
Guangzhou |
4,730 |
727 |
↓20 |
|||
Beijing |
Zengzhou |
4,380 |
673 |
↓100 |
|||
Average price |
- |
4,510 |
693 |
↓90 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.51