Local Chinese steel pipe prices mostly increase 

Friday, 17 July 2020 15:04:06 (GMT+3)   |   Shanghai
       

Local Chinese steel pipe prices have mostly moved upwards during the past week.

Chinese domestic seamless pipe prices have mostly followed a rising trend during the past seven days, while overall trading activity has been slack due to the hot and rainy weather conditions. Upstream billet prices and other raw material prices have indicated a strong upward trend, causing most seamless pipe traders to follow suit despite the weakness of demand. As for the week ahead, it is believed that domestic seamless pipe prices may indicate some slight upticks.

Local Chinese welded pipe prices have followed an upward trend during the past week supported by higher prices of steel strip and other raw materials, while trading activity has been at low levels. As for the week ahead, it is believed that local welded pipe prices will just indicate minor fluctuations.  

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

4,300

615

50

Guangzhou

4,550

651

50

Beijing

4,600

658

0

Average price

4,483

641

33

Φ219 mm x 6 mm

20# (GB/T8163-1999)

Shanghai

4,350

622

50

Guangzhou

4,600

658

50

Beijing

4,700

672

0

Average price

4,550

651

33

 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

4,170

596

50

Guangzhou

4,400

629

110

Beijing

4,280

612

40

Average price

4,283

613

67

Ф114 mm x 3.75 mm

Q215-Q235

Shanghai

4,180

598

50

Guangzhou

4,400

629

110

Beijing

4,210

602

40

Average price

4,263

610

67

All the above prices include 13 percent VAT.

$1 = RMB 6.991


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