Local Chinese steel pipe prices have followed a stable trend during the past week.
Local Chinese seamless pipe and welded pipe prices have both indicated stable trends during the past week, with overall trading activity in the markets at a very low level ahead of the Chinese New Year holiday. Most downstream buyers have already exited the market to go on holiday. As for the week ahead, it is believed that seamless and welded pipe prices will continue their stable trends.
Seamless pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ108 mm x 4.5 mm | 20# (GB/T8162-1999) | Shanghai | 4,230 | 609 | 0 |
| Guangzhou | 4,310 | 621 | 0 | ||
| Beijing | 4,170 | 600 | 0 | ||
| Average price | 4,237 | 610 | 0 | ||
| Φ219 mm x 6 mm | 20# (GB/T8163-1999) | Shanghai | 4,200 | 605 | 0 |
| Guangzhou | 4,210 | 606 | 0 | ||
| Beijing | 4,070 | 586 | 0 | ||
| Average price | 4,160 | 599 | 0 |
All the above prices include 13 percent VAT.
Welded pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ48 mm x 3.25 mm | Q195-Q215 | Shanghai | 3,680 | 530 | 0 |
| Guangzhou | 3,580 | 515 | 0 | ||
| Beijing | 3,540 | 510 | 0 | ||
| Average price | 3,600 | 518 | 0 | ||
| Ф114 mm x 3.75 mm | Q215-Q235 | Shanghai | 3,550 | 511 | 0 |
| Guangzhou | 3,580 | 515 | 0 | ||
| Beijing | 3,470 | 500 | 0 | ||
| Average price | 3,533 | 509 | 0 |
All the above prices include 13 percent VAT.
$1 = RMB 6.946
