Local Chinese steel pipe prices mostly rise slightly 

Thursday, 30 September 2021 16:48:10 (GMT+3)   |   Shanghai
       

Local Chinese steel pipe prices have mostly moved up slightly during the past week.

Local Chinese seamless pipe prices have followed an upward trend during the past week. Overall trading activity has been weak since the downstream side has been impacted by production restrictions. Although upstream billet prices have softened slightly, seamless pipe producers have mostly increased their quoted prices. As for the week ahead, considering that both supply and demand have been influenced by the restrictions on production volumes, it is believed that seamless pipe prices may fluctuate at high price levels.

Chinese domestic welded pipe prices have indicated minor increases during the past week. Overall trading activity has been slack. Upstream, steel strip prices have increased slightly, causing most welded pipe prices to follow. Production restrictions have continued to impact both supply and demand. As for the week ahead, it is believed that welded pipe prices may rise slightly, with some fluctuations possible.

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

6,550

1,010

100

Guangzhou

6,700

1,033

50

Beijing

6,670

1,029

170

Average price

6,640

1,024

107

Φ219 mm x 6 mm

20# (GB/T8163-1999)

Shanghai

6,550

1,010

100

Guangzhou

6,700

1,033

50

Beijing

6,700

1,033

170

Average price

6,650

1,025

107

 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

6,090

939

20

Guangzhou

6,300

971

60

Beijing

6,190

955

10

Average price

6,193

955

30

Ф114 mm x 3.75 mm

Q215-Q235

Shanghai

6,100

941

20

Guangzhou

6,300

971

60

Beijing

6,090

939

10

Average price

6,163

950

30

All the above prices include 13 percent VAT.

$1 = RMB 6.485


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