Local Chinese steel pipe prices have continued a mostly stable trend during and after the Chinese New Year holiday.
Local Chinese seamless pipe prices have maintained a stable trend during the past two weeks. Overall trading activity has stayed at a very low level since most traders have not resumed work yet. As for the week ahead, it is believed that seamless pipe prices may just indicate slight fluctuations.
Local Chinese welded pipe prices have showed a mostly stable trend over the past two weeks, though some markets have seen minor downticks in prices after the holiday. Overall trading activity remains weak. Certain traders have chosen to reduce their quoted prices in order to close more deals. As for the week ahead, it is believed that welded pipe prices may only show minor fluctuations.
Seamless pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ108 mm x 4.5 mm | 20# (GB/T8162-1999) | Shanghai | 4,480 | 625 | 0 |
| Guangzhou | 4,500 | 628 | 0 | ||
| Beijing | 4,490 | 626 | 0 | ||
| Average price | 4,490 | 626 | 0 | ||
| Φ219 mm x 6 mm | 20# (GB/T8163-1999) | Shanghai | 4,450 | 621 | 0 |
| Guangzhou | 4,440 | 619 | 0 | ||
| Beijing | 4,340 | 605 | 0 | ||
| Average price | 4,410 | 615 | 0 |
All the above prices include 13 percent VAT.
Welded pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ48 mm x 3.25 mm | Q195-Q215 | Shanghai | 3,850 | 537 | 0 |
| Guangzhou | 3,980 | 555 | -30 | ||
| Beijing | 3,750 | 523 | 0 | ||
| Average price | 3,860 | 538 | -10 | ||
| Ф114 mm x 3.75 mm | Q215-Q235 | Shanghai | 3,720 | 519 | 0 |
| Guangzhou | 3,980 | 555 | -30 | ||
| Beijing | 3,680 | 513 | 0 | ||
| Average price | 3,793 | 529 | -10 |
All the above prices include 13 percent VAT.
$1 = RMB 7.169
