The local Chinese steel pipe market has followed an upward trend during the past week.
Local Chinese seamless pipe prices have moved up slightly in the past seven days. Overall trading activity has increased and is at normal levels. Upstream billet prices have continued to rise and producers have also raised their seamless pipe quotations. Downstream demand has increased and so traders have mostly chosen to raise their offer prices slightly, by a smaller margins compared to last week. As for the week ahead, although the demand side has showed a strong performance, supply volumes have also increased somewhat, which puts some pressure on seamless pipe prices. Overall, it is thought that seamless pipe prices in China will just indicate small fluctuations in the coming week.
Chinese domestic welded pipe prices have indicated a strongly uptrend during the past week. Overall trading activity has continued to improve amid good weather conditions for construction activities. Supply has declined slightly contributing to declines in inventories in some parts of the country. Sentiment among traders is mostly positive, but some caution is also observed. As for the week ahead, it is believed that welded pipe prices may follow an upward trend again supported by increases on the upstream side.
Seamless pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
4,200 |
593 |
50 |
Guangzhou |
4,400 |
621 |
50 |
||
Beijing |
4,390 |
619 |
50 |
||
Average price |
4,330 |
611 |
50 |
||
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
4,250 |
600 |
50 |
Guangzhou |
4,500 |
635 |
50 |
||
Beijing |
4,490 |
634 |
50 |
||
Average price |
4,413 |
623 |
50 |
All the above prices include 13 percent VAT.
Welded pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
4,080 |
576 |
110 |
Guangzhou |
4,220 |
595 |
130 |
||
Beijing |
4,060 |
573 |
110 |
||
Average price |
4,120 |
581 |
117 |
||
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
4,090 |
577 |
110 |
Guangzhou |
4,220 |
595 |
130 |
||
Beijing |
3,990 |
563 |
110 |
||
Average price |
4,100 |
579 |
117 |
All the above prices include 13 percent VAT.
$1 = RMB 7.087