Local Chinese steel pipe prices have mostly followed an upward trend during the past week, though stable movement has been seen too, especially for seamless pipe prices.
The majority of local Chinese seamless pipe prices have moved sideways in the past seven days, with some slight upticks also seen in prices. Overall trading activity has been at normal levels. Market inventory has risen slightly. With upstream billet prices rising strongly recently, it is believed that seamless pipe prices may also increase during the coming week.
Chinese domestic welded pipe prices have increased during the past week, supported by rising prices of steel strip and other raw materials. Overall trading activity has been slack. Meanwhile, production volumes have been reduced due to the Labor Day holiday. As for the week ahead, it is believed that welded pipe prices may follow an upward trend again.
Seamless pipe prices
|
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
|
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
6,050 |
932 |
0 |
|
Guangzhou |
6,200 |
955 |
0 |
||
|
Beijing |
6,170 |
951 |
100 |
||
|
Average price |
6,140 |
946 |
33 |
||
|
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
6,050 |
932 |
0 |
|
Guangzhou |
6,150 |
948 |
0 |
||
|
Beijing |
6,220 |
958 |
100 |
||
|
Average price |
6,140 |
946 |
33 |
All the above prices include 13 percent VAT.
Welded pipe prices
|
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
|
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
6,000 |
924 |
200 |
|
Guangzhou |
6,040 |
931 |
120 |
||
|
Beijing |
6,070 |
935 |
250 |
||
|
Average price |
6,037 |
930 |
190 |
||
|
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
6,010 |
926 |
200 |
|
Guangzhou |
6,040 |
931 |
120 |
||
|
Beijing |
5,970 |
920 |
250 |
||
|
Average price |
6,007 |
926 |
190 |
All the above prices include 13 percent VAT.
$1 = RMB 6.490