The local Chinese steel pipe prices have followed an upward trend during the past week.
Local Chinese seamless pipe prices have moved on an upward trend during the past seven days, supported by rises in raw material prices. Overall trading activity has been at a very low level since downstream demand has not fully recovered yet. As for the week ahead, it is believed that seamless pipe prices may move up slightly.
Chinese domestic welded pipe prices have indicated a rising trend during the past week, supported by higher steel strip prices. Trading activity has not fully recovered and remains on the weak side. As for the week ahead, it is believed that welded pipe prices may increase slightly.
Seamless pipe prices
|
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
|
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
5,220 |
778 |
+50 |
|
Guangzhou |
5,430 |
809 |
+90 |
||
|
Beijing |
5,200 |
775 |
+60 |
||
|
Average price |
5,283 |
787 |
+67 |
||
|
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
5,190 |
773 |
+50 |
|
Guangzhou |
5,380 |
801 |
+90 |
||
|
Beijing |
5,080 |
757 |
+60 |
||
|
Average price |
5,217 |
777 |
+67 |
All the above prices include 13 percent VAT.
Welded pipe prices
|
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
|
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
4,610 |
687 |
+60 |
|
Guangzhou |
4,700 |
700 |
+80 |
||
|
Beijing |
4,670 |
696 |
+180 |
||
|
Average price |
4,660 |
694 |
+107 |
||
|
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
4,620 |
688 |
+60 |
|
Guangzhou |
4,700 |
700 |
+80 |
||
|
Beijing |
4,590 |
684 |
+180 |
||
|
Average price |
4,637 |
691 |
+107 |
All the above prices include 13 percent VAT.
$1 = RMB 6.713 (February 2)