Local Chinese steel pipe prices mostly stable

Local Chinese steel pipe prices have indicated a mostly stable trend during the past week.

Chinese seamless pipe prices have followed a stable trend during the past week. While billet prices have softened slightly, most traders have chosen to keep their seamless pipe prices stable. Meanwhile, before the weather gets colder, certain downstream players are speeding up their activities, causing an increase in demand and providing support for seamless pipe prices. But in the longer term, demand is expected to slacken after this current period. So as for next week, it is believed that seamless pipe prices may indicate fluctuations, with some downticks likely.

Local Chinese welded pipe prices have indicated a mostly stable trend in the past seven days, with some slight decreases in certain markets due to the weakness of demand. Overall trading activity is currently slack. Upstream steel strip prices have indicated some upticks, providing some support for welded pipe prices. However, considering the weakness of demand, it is believed that welded pipe prices may decline slightly during the coming week.

Seamless pipe prices

 All the above prices include 13 percent VAT.

Welded pipe prices

All the above prices include 13 percent VAT.

$1 = RMB 6.726