Local Chinese steel pipe prices have followed a mostly soft trend during the past week.
Local Chinese seamless pipe prices have mainly fluctuated on a soft trend during the past seven days. Overall trading activity has been weak due to the off-season and rainy weather. Most traders have chosen to reduce their quoted prices in order to close more deals. As for the week ahead, it is believed that seamless pipe prices will mostly follow a stable trend.
Local Chinese welded pipe prices have decreased slightly during the past week, though some rebound in steel strip prices has provided some support. Overall trading activity has been sluggish and most traders have slightly decreased their quoted prices in order to close more deals during the off-season. As for the week ahead, it is believed that welded pipe prices may continue their weak trend.
Seamless pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ108 mm x 4.5 mm | 20# (GB/T8162-1999) | Shanghai | 4,240 | 591 | -20 |
| Guangzhou | 4,370 | 609 | -60 | ||
| Beijing | 4,300 | 599 | 0 | ||
| Average price | 4,303 | 599 | -27 | ||
| Φ219 mm x 6 mm | 20# (GB/T8163-1999) | Shanghai | 4,210 | 586 | -20 |
| Guangzhou | 4,280 | 596 | -60 | ||
| Beijing | 4,210 | 586 | 0 | ||
| Average price | 4,233 | 590 | -27 |
All the above prices include 13 percent VAT.
Welded pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ48 mm x 3.25 mm | Q195-Q215 | Shanghai | 3,650 | 508 | -20 |
| Guangzhou | 3,630 | 506 | 0 | ||
| Beijing | 3,590 | 500 | -10 | ||
| Average price | 3,623 | 505 | -10 | ||
| Ф114 mm x 3.75 mm | Q215-Q235 | Shanghai | 3,520 | 490 | -20 |
| Guangzhou | 3,630 | 506 | 0 | ||
| Beijing | 3,520 | 490 | -10 | ||
| Average price | 3,557 | 495 | -10 |
All the above prices include 13 percent VAT.
$1 = RMB 7.180
