Local Chinese steel pipe prices move sideways or rise slightly

Thursday, 09 July 2020 16:05:43 (GMT+3)   |   Shanghai
       

The local Chinese steel pipe prices have moved sideways or up slightly in the past week.

Local Chinese seamless pipe prices have followed a stable in the past seven days, though with price increases also seen in some areas. Overall trading activity has been sluggish. Prices of billet and of other raw materials have recently increased both in the spot and futures markets, though most traders still chose to keep their prices stable in order to close more deals, given the weakness of demand. As for the week ahead, since demand is still weak while costs have kept increasing, it is believed that local seamless pipe prices may just indicate small fluctuations.

Chinese domestic welded pipe prices have indicated some slight upticks during the past week. Overall trading activity has been at low levels since southern China has still been feeling the impact of rainy weather conditions. But demand in some areas has improved a little and restrictions on production in Tangshan have also provided some support for welded pipe prices. As for the week ahead, considering the support from higher upstream costs, it is believed that domestic welded pipe prices may continue to follow a slight uptrend.  

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

4,250

606

0

Guangzhou

4,500

642

0

Beijing

4,600

656

100

Average price

4,450

635

33

Φ219 mm x 6 mm

20# (GB/T8163-1999)

Shanghai

4,300

613

0

Guangzhou

4,550

649

0

Beijing

4,700

671

100

Average price

4,517

644

33

 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

4,120

588

30

Guangzhou

4,290

612

40

Beijing

4,240

605

90

Average price

4,217

602

53

Ф114 mm x 3.75 mm

Q215-Q235

Shanghai

4,130

589

30

Guangzhou

4,290

612

40

Beijing

4,170

595

90

Average price

4,197

599

53

All the above prices include 13 percent VAT.

$1 = RMB 7.009


Most Recent Related Articles

Prices increase sharply in Chinese domestic pipe market

Local Chinese steel pipe prices mostly increase, some prices stable

Local Chinese steel pipe prices follow a rising trend

Chinese steel pipe export offer prices move up

Local Chinese pipe prices mainly stable, with some small downticks