Local Chinese steel pipe prices mostly increase

Thursday, 27 June 2019 17:24:59 (GMT+3)   |   Shanghai
       

Local Chinese steel pipe prices have mostly moved upwards during the past seven days, with some prices also moving sideways.

As of June 27, 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 $673/mt (RMB 4,633/mt), with 20# (GB/T8163-1999) grade 219 mm x 6 mm seamless pipe at $686/mt (RMB 4,717/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 $639/mt (RMB 4,393/mt) and $632/mt (RMB 4,350/mt) respectively. All the above prices include 13 percent VAT.

Local Chinese seamless pipe prices have remained stable in some regions of the country and have increased in others during the past week. Overall trading activity has remained at low levels. With billet prices rising and environmental protection measures impacting production in central China districts, prices in some local markets have indicated an upward trend. However, most traders have chosen to keep their prices stable in order to close more deals. As for the week ahead, it is believed domestic seamless pipe prices may indicate some slight upticks.

Chinese domestic welded pipe prices have moved upwards during the past seven days. Overall trading activity has remained weak. The upward movements of steel strip prices and raw material futures prices as well as environmental protection measures impacting production in central China districts have provided support for welded pipe prices. Trading volumes have failed to improve due to the offseason. As for the week ahead, it is believed that welded pipe market prices may fluctuate on an upward trend due to low production volumes and weak demand.

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

4,450

647

0

Guangzhou

Shandong

4,750

690

0

Beijing

Angang

4,700

683

↑100

Average price

-

4,633

673

↑33

Φ219 mm x 6 mm

20# (GB/T8163-1999)

Shanghai

Zhenda

4,500

654

0

Guangzhou

Angang

4,850

705

0

Beijing

Shandong

4,800

698

↑100

Average price

-

4,717

686

↑33

Welded pipe

Φ48 mm x 3.25 mm

Q195-Q215

Shanghai

Tangshan

4,350

632

↑110

Guangzhou

Guangzhou

4,500

654

↑100

Beijing

Jinghua

4,330

629

↑90

Average price

-

4,393

639

↑100

Ф114 mm x 3.75 mm

Q215-Q235

Shanghai

Huaqi

4,290

624

↑110

Guangzhou

Guangzhou

4,500

654

↑100

Beijing

Zengzhou

4,260

619

↑90

Average price

-

4,350

632

↑100

 

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

$1 = RMB 6.88


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