Local Chinese seamless pipe prices have followed a mostly stable trend during the past seven days, with some slight upticks seen too, though declines in billet prices have exerted some downward pressure on prices. Overall trading activity has been at normal levels. Steady demand and some small declines in production volumes have caused some traders to increase their quoted prices slightly. As for the week ahead, it is believed that seamless pipe prices may just indicate small fluctuations.
Local Chinese welded pipe prices have mostly followed a slightly soft trend during the past week, amid downticks in prices of steel strip and raw materials. Overall trading activity has slackened slightly and is at normal levels. As for the week ahead, considering the off-season and reductions on the cost side, it is believed that welded pipe prices may continue their slightly soft trend.
Seamless pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ108 mm x 4.5 mm | 20# (GB/T8162-1999) | Shanghai | 4,380 | 642 | 10 |
| Guangzhou | 4,420 | 648 | 0 | ||
| Beijing | 4,260 | 625 | 0 | ||
| Average price | 4,353 | 638 | 3 | ||
| Φ219 mm x 6 mm | 20# (GB/T8163-1999) | Shanghai | 4,350 | 638 | 10 |
| Guangzhou | 4,340 | 636 | 0 | ||
| Beijing | 4,160 | 610 | 0 | ||
| Average price | 4,283 | 628 | 3 |
All the above prices include 13 percent VAT.
Welded pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ48 mm x 3.25 mm | Q195-Q215 | Shanghai | 3,830 | 562 | 0 |
| Guangzhou | 3,720 | 545 | -10 | ||
| Beijing | 3,690 | 541 | -10 | ||
| Average price | 3,747 | 549 | -7 | ||
| Ф114 mm x 3.75 mm | Q215-Q235 | Shanghai | 3,700 | 543 | 0 |
| Guangzhou | 3,720 | 545 | -10 | ||
| Beijing | 3,620 | 531 | -10 | ||
| Average price | 3,680 | 540 | -7 |
All the above prices include 13 percent VAT.
$1 = RMB 6.820
