Local Chinese steel pipe prices mostly rise slightly

Friday, 09 December 2022 11:46:26 (GMT+3)   |   Shanghai
       

The local Chinese steel pipe prices have increased by a small margin during the past week, with some prices also moving sideways.

Chinese seamless pipe prices have been mostly stable in the past seven days, with slight upticks also seen, with prices supported by rises in billet prices. Overall trading activity has improved a little due to the easing of coronavirus measures in some areas, but it is still mostly weak due to the off-season. The government’s macroeconomic policy has had a positive influence on welded pipe prices, but most traders are maintaining a wait-and-see stance as demand is still weak. As for the week ahead, it is believed that seamless pipe prices may indicate minor fluctuations.

Chinese domestic welded pipe prices have moved up by small margins during the past week, supported by prices of raw materials and steel strip. Overall trading activity is weak due to the off-season. Outputs and inventories have declined a little, also supporting welded pipe prices. As for the week ahead, considering the support from the cost side, it is believed that welded pipe prices may rise slightly.

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 

4,990 

717 

Guangzhou 

5,210 

748 

Beijing 

5,080 

730 

10 

Average price 

5,093 

732 

Φ219 mm x 6 mm 

20# (GB/T8163-1999) 

Shanghai 

4,960 

713 

Guangzhou 

5,160 

741 

Beijing 

4,960 

713 

10 

Average price 

5,027 

722 

 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 

4,410 

634 

60 

Guangzhou 

4,430 

636 

50 

Beijing 

4,360 

626 

50 

Average price 

4,400 

632 

53 

Ф114 mm x 3.75 mm 

Q215-Q235 

Shanghai 

4,420 

635 

60 

Guangzhou 

4,430 

636 

50 

Beijing 

4,280 

615 

50 

Average price 

4,377 

629 

53 

All the above prices include 13 percent VAT.

$1 = RMB 6.961 (December 8)


Similar articles

Local Chinese steel pipe prices mostly decline

28 Mar | Tube and Pipe

US OCTG exports up 26.8 percent in January

27 Mar | Steel News

India’s VSTL setting up greenfield steel pipe making unit in Odisha

27 Mar | Steel News

Japanese crude steel output down 3.8 percent in February from January

27 Mar | Steel News

India’s Welspun secures $62 million steel pipe supply contract in Saudi Arabia

26 Mar | Steel News

Some EU flat steel import quotas about to be exhausted near end of period

26 Mar | Steel News

Canada initiates review on line pipe from S. Korea

25 Mar | Steel News

India’s Welspun and Saudi Arabia’s Aramco terminate steel pipe supply contract

25 Mar | Steel News

US and Canadian rig counts both decline week-on-week

22 Mar | Steel News

US structural pipe and tube exports down 41.7 percent in January

22 Mar | Steel News