Local Chinese steel pipe prices mostly follow a downward trend

Friday, 29 December 2017 11:03:14 (GMT+3)   |   Shanghai
       

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


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