Local Chinese steel pipe prices mostly move up slightly

Local Chinese steel pipe prices have mostly indicated slight increases during the past week, with some prices moving sideways.

Chinese domestic seamless pipe prices have either moved sideways or risen by a small margin in the past seven days, with increases in billet prices supporting price rises in some regional markets. Overall trading activity has been weak due to the off-season and some parts of the country have been impacted by the spread of the coronavirus. As for the week ahead, considering the weakness of the downstream side, it is believed that domestic seamless pipe prices may edge down slightly.

Local Chinese welded pipe prices have indicated slight rises during the past week, supported by increases in prices of steel strip and raw materials. Overall trading activity for welded pipes is weak, while supply is also low due to production restrictions in certain areas of the country. As for the week ahead, considering the weakness of demand side and the uncertainty surrounding coronavirus measures, it is believed that domestic welded pipe prices may indicate minor fluctuations.

Seamless pipe prices

All the above prices include 13 percent VAT.

Welded pipe prices

All the above prices include 13 percent VAT.

$1 = RMB 6.475