Local Chinese steel pipe prices move sideways or fall slightly

Thursday, 16 May 2019 16:57:57 (GMT+3)   |   Shanghai
       

Local Chinese steel pipe prices have either moved sideways or declined slightly during the past week.

As of May 16, 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 $693/mt (RMB 4,767/mt), with 20# (GB/T8163-1999) grade 219 mm x 6 mm seamless pipe at $705/mt (RMB 4,850/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 $639/mt (RMB 4,393/mt) and $632/mt (RMB 4,350/mt) respectively. All the above prices include 13 percent VAT. ($1 = RMB 6.88)

Chinese domestic seamless pipe prices have mostly remained stable in the past seven days, though some prices have softened slightly. Overall trading activity has been at low levels. Most downstream buyers are maintaining a wait-and-see stance, while upstream billet prices have only indicated minor fluctuations, and this has helped to provide some support for seamless pipe prices. As for the week ahead, it is believed that the domestic seamless pipe market may follow a mostly stable trend.

The local Chinese welded pipe market has moved on a slight downtrend during the past week, mainly due to low trading activity and the minor downticks seen in upstream steel strip prices. Market inventory has recently increased. Most traders are pessimistic given the weakness of demand and the macroeconomic situation. As for the week ahead, it is believed that domestic welded pipe prices may fluctuate on a slightly soft trend.

 

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

4,650

676

0

Guangzhou

Shandong

4,950

719

0

Beijing

Angang

4,700

683

↓50

Average price

-

4,766

693

↓17

Φ219 mm x 6 mm

20# (GB/T8163-1999)

Shanghai

Zhenda

4,700

683

0

Guangzhou

Angang

5,050

734

0

Beijing

Shandong

4,800

698

↓50

Average price

-

4,850

705

↓17

Welded pipe

Φ48 mm x 3.25 mm

Q195-Q215

Shanghai

Tangshan

4,360

634

↓40

Guangzhou

Guangzhou

4,500

654

↓30

Beijing

Jinghua

4,320

628

↓20

Average price

-

4,393

639

↓30

Ф114 mm x 3.75 mm

Q215-Q235

Shanghai

Huaqi

4,300

625

↓40

Guangzhou

Guangzhou

4,500

654

↓30

Beijing

Zengzhou

4,250

618

↓20

Average price

-

4,350

632

↓30

 

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

 

$1 = RMB 6.88


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