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