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
