Local Chinese steel pipe prices mostly indicate slight increase

Thursday, 04 July 2019 17:51:53 (GMT+3)   |   Shanghai
       

Local Chinese steel pipe prices have mostly risen slightly during the past week, though some seamless pipe prices have remained stable.

As of July 4, in China's three main steel markets, i.e., Shanghai, Guangzhou and Beijing, the average price of 20# (GB/T8162-1999) grade 108 mm x 4.5 mm seamless pipe now stands at $681/mt (RMB 4,683/mt), with 20# (GB/T8163-1999) grade 219 mm x 6 mm seamless pipe at $693/mt (RMB 4,767/mt). Meanwhile, on the same date, Q195-215 grade 48 mm x 3.25 mm welded pipe and Q215-235 grade 114 mm x 3.75 mm welded pipe prices in the above markets are standing at $647/mt (RMB 4,453/mt) and $641/mt (RMB 4,410/mt) respectively. All the above prices include 13 percent VAT.

Local Chinese seamless pipe prices have mostly moved sideways in the past seven days, though with some prices moving up by a small margin supported by increases in upstream billet prices. Overall trading activity has been at low levels, with downstream demand still weak during the current offseason. As for the week ahead, sentiment among most traders is still downbeat, while it is believed that local seamless pipe prices may indicate small fluctuations, with some slight declines possible.

The Chinese domestic welded pipe market has continued to follow a slight uptrend during the past week. Overall trading activity has been at low levels. Prices have been supported by the strong performances of raw material prices and steel strip prices and by the production restrictions implemented within the scope of environmental protection measures. As for the week ahead, it is believed that domestic welded pipe prices may indicate small fluctuations. 

 

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

4,550

662

↑100

Guangzhou

Shandong

4,800

699

↑50

Beijing

Angang

4,700

684

0

Average price

-

4,683

682

↑50

Φ219 mm x 6 mm

20# (GB/T8163-1999)

Shanghai

Zhenda

4,600

670

↑100

Guangzhou

Angang

4,900

713

↑50

Beijing

Shandong

4,800

699

0

Average price

-

4,767

694

↑50

Welded pipe

Φ48 mm x 3.25 mm

Q195-Q215

Shanghai

Tangshan

4,430

645

↑80

Guangzhou

Guangzhou

4,560

664

↑60

Beijing

Jinghua

4,370

636

↑40

Average price

-

4,453

648

↑60

Ф114 mm x 3.75 mm

Q215-Q235

Shanghai

Huaqi

4,370

636

↑80

Guangzhou

Guangzhou

4,560

664

↑60

Beijing

Zengzhou

4,300

626

↑40

Average price

-

4,410

642

↑60

13 percent VAT is included in all prices and all prices are ex-warehouse.

$1 = RMB 6.87


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