The local Chinese steel pipe prices have moved down by a small margin during the past week.
Chinese domestic seamless pipe prices have decreased slightly during the past week. Overall trading activity has been weak due to weather conditions and macroeconomic factors. Steel futures prices have lately softened, exerting pressure on seamless pipe prices. As for the week ahead, it is believed that seamless pipe prices may continue to decline by small margins.
Chinese welded pipe prices have declined by a small margin during the past week. Upstream steel strip prices have softened and demand for welded pipes is also slack. As for the week ahead, it is believed that welded pipe prices may indicate minor fluctuations.
Seamless pipe prices
|
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
|
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
5,250 |
752 |
-50 |
|
Guangzhou |
5,550 |
795 |
-20 |
||
|
Beijing |
5,350 |
766 |
-80 |
||
|
Average price |
5,383 |
771 |
-50 |
||
|
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
5,220 |
748 |
-50 |
|
Guangzhou |
5,470 |
784 |
-20 |
||
|
Beijing |
5,230 |
749 |
-80 |
||
|
Average price |
5,307 |
760 |
-50 |
All the above prices include 13 percent VAT.
Welded pipe prices
|
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
|
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
4,460 |
639 |
0 |
|
Guangzhou |
4,520 |
648 |
-20 |
||
|
Beijing |
4,450 |
638 |
-20 |
||
|
Average price |
4,477 |
641 |
-13 |
||
|
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
4,470 |
640 |
0 |
|
Guangzhou |
4,520 |
648 |
-20 |
||
|
Beijing |
4,370 |
626 |
-20 |
||
|
Average price |
4,453 |
638 |
-13 |
All the above prices include 13 percent VAT.
$1 = RMB 6.980 (September 22)