Local Chinese steel pipe prices mostly soften slightly

Thursday, 13 June 2019 16:37:59 (GMT+3)   |   Shanghai
       

Local Chinese steel pipe prices have mostly indicated a slight softening during the past week.

As of June 13, in China's three main steel markets, i.e., Shanghai, Guangzhou and Beijing, the average price of 20# (GB/T8162-1999) grade 108 mm x 4.5 mm seamless pipe now stands at $673/mt (RMB 4,633/mt), with 20# (GB/T8163-1999) grade 219 mm x 6 mm seamless pipe at $686/mt (RMB 4,717/mt). Meanwhile, on the same date, Q195-215 grade 48 mm x 3.25 mm welded pipe and Q215-235 grade 114 mm x 3.75 mm welded pipe prices in the above markets are standing at $627/mt (RMB 4,317/mt) and $621/mt (RMB 4,273/mt) respectively. All the above prices include 13 percent VAT.

Local Chinese seamless pipe prices have mainly indicated minor decreases during the past seven days. Overall trading activity has remained at low levels. Traders are mostly pessimistic and are unwilling to increase stocks during the off-season period. As for the week ahead, it is believed that domestic seamless pipe prices may continue to decline slightly.

Chinese domestic welded pipe prices have indicated minor decreases during the past week. Overall trading activity has been at low levels. Rainy weather continues to influence the demand side. Upstream steel strip prices have rebounded in recent days, which may provide some support for welded pipe prices. As for the week ahead, it is believed that welded pipe prices may indicate slight fluctuations.

Product Name

Spec.

Category

City

Steel Plant/Origin

Price (RMB/mt)

Price ($/mt)

Weekly Change (RMB/mt)

Seamless pipe

Φ108 mm x 4.5 mm

20# (GB/T8162-1999)

Shanghai

Wuxi

4,500

650

↓50

Guangzhou

Shandong

4,800

694

↓50

Beijing

Angang

4,600

665

0

Average price

-

4,634

670

↓33

Φ219 mm x 6 mm

20# (GB/T8163-1999)

Shanghai

Zhenda

4,550

658

↓50

Guangzhou

Angang

4,900

708

↓50

Beijing

Shandong

4,700

679

0

Average price

-

4,717

682

↓33

Welded pipe

Φ48 mm x 3.25 mm

Q195-Q215

Shanghai

Tangshan

4,260

616

↓20

Guangzhou

Guangzhou

4,430

640

↓20

Beijing

Jinghua

4,260

616

↓20

Average price

-

4,317

624

↓20

Ф114 mm x 3.75 mm

Q215-Q235

Shanghai

Huaqi

4,200

607

↓20

Guangzhou

Guangzhou

4,430

640

↓20

Beijing

Zengzhou

4,190

605

↓20

Average price

-

4,273

617

↓20

13 percent VAT is included in all prices and all prices are ex-warehouse.

$1 = RMB 6.92


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