Local Chinese steel pipe prices have either remained stable or moved up slightly during the past week.
Chinese seamless pipe prices have showed a mostly stable trend during the past week amid the ongoing offseason, though some prices have moved up by small margins, supported by rises in billet prices. Overall trading activity has remained weak. As for the week ahead, it is believed that seamless pipe prices may indicate minor increases.
Chinese welded pipe prices have continued a slight uptrend during the past week against the backdrop of rises in prices of steel strip and other raw materials. Overall trading activity has been weak. As for the week ahead, it is believed that welded pipe prices may continue to move up by small margins.
Seamless pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
4,390 |
611 |
0 |
Guangzhou |
4,500 |
626 |
30 |
||
Beijing |
4,500 |
626 |
0 |
||
Average price |
4,463 |
621 |
10 |
||
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
4,360 |
607 |
0 |
Guangzhou |
4,440 |
618 |
30 |
||
Beijing |
4,350 |
605 |
0 |
||
Average price |
4,383 |
610 |
10 |
All the above prices include 13 percent VAT.
Welded pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
4,000 |
557 |
0 |
Guangzhou |
4,050 |
564 |
40 |
||
Beijing |
3,860 |
537 |
30 |
||
Average price |
3,970 |
553 |
23 |
||
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
3,870 |
539 |
0 |
Guangzhou |
4,050 |
564 |
40 |
||
Beijing |
3,790 |
527 |
30 |
||
Average price |
3,903 |
543 |
23 |
All the above prices include 13 percent VAT.
$1 = RMB 7.185