Local Chinese steel pipe prices mostly increase slightly

Thursday, 24 March 2022 17:34:31 (GMT+3)   |   Shanghai
       

Local Chinese steel pipe prices have mainly risen slightly during the past week. 

Local Chinese seamless pipe prices have been mostly stable in the past seven days, with some slight upticks seen also. Overall trading activity has been influenced by public health measures and has remained low. Supply has also been low. Increases in billet prices have provided strong support for seamless pipe prices. As for the week ahead, considering the support from the cost side but also the negative influence of coronavirus measures, it is believed that seamless pipe prices in China may just indicate small fluctuations.

Local Chinese welded pipe prices have indicated small increases during the past week, supported by steel strip prices which increased during the latter part of the week. Coronavirus measures have negatively impacted demand and trading activity. As for the week ahead, considering support from the cost side may remain strong, it is believed that domestic welded pipe prices will follow an upward trend.

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

6,130

963

30

Guangzhou

6,250

982

0

Beijing

6,200

974

0

Average price

6,193

973

10

Φ219 mm x 6 mm

20# (GB/T8163-1999)

Shanghai

6,130

963

30

Guangzhou

6,250

982

0

Beijing

6,280

987

0

Average price

6,220

977

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

5,490

863

30

Guangzhou

5,620

883

20

Beijing

5,520

867

60

Average price

5,543

871

37

Ф114 mm x 3.75 mm

Q215-Q235

Shanghai

5,500

864

30

Guangzhou

5,620

883

20

Beijing

5,430

853

70

Average price

5,517

867

40

All the above prices include 13 percent VAT.

$1 = RMB 6.364


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