Local Chinese steel pipe prices remain stable

Thursday, 13 February 2020 15:19:18 (GMT+3)   |   Shanghai
       

The local Chinese steel pipe prices have maintained their stable trend during the past week.

Chinese domestic seamless pipe prices have continued their stable trend after the Chinese New Year holiday. Due to the coronavirus, most participants on the upstream and downstream sides including traders have still not returned to work. As a result, prices of seamless pipes have mostly remained stable for now. As for the week ahead, it is believed that domestic seamless pipe prices may follow a soft trend as activity gradually recovers and given producers’ high inventory levels.

Local Chinese welded pipe prices have followed a stable trend in the past seven days since most market players are still on holiday due to the coronavirus outbreak. Trading activity is almost at a standstill. As for the week ahead, it is believed that welded pipe prices may follow a slight downtrend.

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

4,450

638

0

Guangzhou

4,650

666

0

Beijing

4,640

665

0

Average price

4,580

656

0

Φ219 mm x 6 mm

20# (GB/T8163-1999)

Shanghai

4,450

638

0

Guangzhou

4,750

681

0

Beijing

4,740

679

0

Average price

4,647

666

0

 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

4,230

606

0

Guangzhou

4,460

639

0

Beijing

4,070

583

0

Average price

4,253

609

0

Ф114 mm x 3.75 mm

Q215-Q235

Shanghai

4,170

598

0

Guangzhou

4,460

639

0

Beijing

4,000

573

0

Average price

4,210

603

0

All the above prices include 13 percent VAT

$1 = RMB 6.979


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