Local Chinese steel pipe prices mostly indicate slight declines

Thursday, 24 October 2019 16:00:03 (GMT+3)   |   Shanghai
       

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

Local Chinese seamless pipe prices have mostly declined by a small margin in the past seven days amid decreases in prices of billet and raw materials. Overall trading activity has been at low levels. As for the week ahead, considering the weakness of the demand side, it is believed that local seamless pipe prices may indicate further slight decreases.

Chinese domestic welded pipe prices have indicated either stable movement or small downticks during the past week, with the latter caused by decreases in steel strip prices. Overall trading activity has kept at low levels. Traders mostly hold a negative view of the prospects for the market given the ongoing weakness of demand. As for the week ahead, it is believed that domestic welded pipe prices may decline by small margins. 

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

4,600

651

-50

Guangzhou

Shandong

4,800

679

-50

Beijing

Angang

4,600

651

0

Average price

-

4,667

660

-33

Φ219 mm x 6 mm

20# (GB/T8163-1999)

Shanghai

Zhenda

4,550

644

-50

Guangzhou

Angang

4,900

693

0

Beijing

Shandong

4,700

665

0

Average price

-

4,717

667

-17

Welded pipe

Φ48 mm x 3.25 mm

Q195-Q215

Shanghai

Tangshan

4,240

600

0

Guangzhou

Guangzhou

4,320

611

-20

Beijing

Jinghua

4,080

577

0

Average price

-

4,213

596

-7

Ф114 mm x 3.75 mm

Q215-Q235

Shanghai

Huaqi

4,180

591

0

Guangzhou

Guangzhou

4,320

611

-20

Beijing

Zengzhou

4,010

567

0

Average price

-

4,170

590

-7

 
All the above prices include 13 percent VAT.

 $1 = RMB 7.07

 


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