Local Chinese steel pipe prices have softened slightly during the past week.
Chinese domestic seamless pipe prices have moved down by a small margin during the past week. Overall trading activity has increased a little but is still weak. Prices of billet and other raw materials have rebounded lately both in the spot and futures markets, providing support for seamless pipe prices. As for the week ahead, it is believed that seamless pipe prices may increase a little.
Local Chinese welded pipe prices have mostly moved down slightly during the past week, though lately some signs of a rebound have been seen amid rises in prices of steel strip and other raw materials. Trading activity is still weak, impacted by Covid-19 restriction measures. As for the week ahead, it is believed that welded pipe prices may rebound slightly.
Seamless pipe prices
|
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
|
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
5,350 |
794 |
-50 |
|
Guangzhou |
5,580 |
828 |
-150 |
||
|
Beijing |
5,550 |
823 |
-100 |
||
|
Average price |
5,493 |
815 |
-100 |
||
|
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
5,320 |
789 |
-50 |
|
Guangzhou |
5,500 |
816 |
-120 |
||
|
Beijing |
5,430 |
806 |
-100 |
||
|
Average price |
5,417 |
804 |
-90 |
All the above prices include 13 percent VAT.
Welded pipe prices
|
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
|
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
4,340 |
644 |
0 |
|
Guangzhou |
4,370 |
648 |
-60 |
||
|
Beijing |
4,430 |
657 |
-40 |
||
|
Average price |
4,380 |
650 |
-33 |
||
|
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
4,350 |
645 |
0 |
|
Guangzhou |
4,370 |
648 |
-60 |
||
|
Beijing |
4,350 |
645 |
-40 |
||
|
Average price |
4,357 |
646 |
-33 |
All the above prices include 13 percent VAT.
$1 = RMB 6.741 (July 28)