Local Chinese steel pipe prices have indicated a mostly stable trend during the past week, with small downticks also seen.
Local Chinese seamless pipe prices have followed a stable trend during the past seven days. Overall trading activity has remained weak, while upstream billet prices have just indicated minor fluctuations and have continued to provide support for seamless pipe prices. As for the week ahead, it is believed that seamless pipe prices may fluctuate by small margins.
Local Chinese welded pipe prices have moved sideways or down slightly during the past week. Overall trading activity is still sluggish due to the off-season and the hot summer weather, while prices of steel strip and other raw materials have softened slightly, causing some traders to reduce their welded pipe prices by small margins. However, due to the weakness of demand, most traders have chosen to keep their quoted prices stable for now. As for the week ahead, it is believed that welded pipe prices may just indicate slight fluctuations.
Seamless pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ108 mm x 4.5 mm | 20# (GB/T8162-1999) | Shanghai | 4,300 | 633 | 0 |
| Guangzhou | 4,310 | 635 | 0 | ||
| Beijing | 4,210 | 620 | 0 | ||
| Average price | 4,273 | 629 | 0 | ||
| Φ219 mm x 6 mm | 20# (GB/T8163-1999) | Shanghai | 4,270 | 629 | 0 |
| Guangzhou | 4,230 | 623 | 0 | ||
| Beijing | 4,130 | 608 | 0 | ||
| Average price | 4,210 | 620 | 0 |
All the above prices include 13 percent VAT.
Welded pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ48 mm x 3.25 mm | Q195-Q215 | Shanghai | 3,710 | 546 | 0 |
| Guangzhou | 3,580 | 527 | -20 | ||
| Beijing | 3,570 | 526 | 0 | ||
| Average price | 3,620 | 533 | -7 | ||
| Ф114 mm x 3.75 mm | Q215-Q235 | Shanghai | 3,580 | 527 | 0 |
| Guangzhou | 3,580 | 527 | -20 | ||
| Beijing | 3,500 | 516 | 0 | ||
| Average price | 3,553 | 523 | -7 |
All the above prices include 13 percent VAT.
$1 = RMB 6.789
