Prices in the local Chinese steel pipe market have either moved sideways or risen slightly compared to pre-holiday levels.
As of February 14, in China's three main steel markets, i.e., Shanghai, Guangzhou and Beijing, the average price of 20# (GB/T8162-1999) grade 108 mm x 4.5 mm seamless pipe now stands at $708/mt (RMB 4,783/mt), with 20# (GB/T8163-1999) grade 219 mm x 6 mm seamless pipe at $720/mt (RMB 4,867/mt). Meanwhile, on the same date, Q195-215 grade 48 mm x 3.25 mm welded pipe and Q215-235 grade 114 mm x 3.75 mm welded pipe prices in the above markets are standing at $637/mt (RMB 4,303/mt) and $630/mt (RMB 4,257/mt) respectively. All the above prices include 16 percent VAT.
Local Chinese seamless pipe prices have either followed a stable trend or increased slightly compared to prices before the Chinese New Year holiday. Overall trading activity has remained slack since most downstream buyers and traders have not returned from the holiday yet. Some seamless pipe prices have increased due to higher billet prices. As for the week ahead, it is believed that local seamless pipe prices may fluctuate in a slightly upward direction.
Chinese domestic welded pipe prices have mostly increased slightly since the pre-holiday period due to support from higher steel strip prices. Trading activity is still at low levels as most downstream users and traders are still on holiday. As for the week ahead, it is believed that local welded pipe prices may increase slightly with support from improving demand.
Product Name |
Spec. |
Category |
City |
Steel Plant/Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Seamless pipe |
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
Wuxi |
4,650 |
687 |
↑50 |
Guangzhou |
Shandong |
4,900 |
724 |
0 |
|||
Beijing |
Angang |
4,800 |
709 |
↑50 |
|||
Average price |
- |
4,783 |
706 |
↑33 |
|||
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
Zhenda |
4,750 |
702 |
0 |
|
Guangzhou |
Angang |
5,050 |
746 |
0 |
|||
Beijing |
Shandong |
4,800 |
709 |
↑50 |
|||
Average price |
- |
4,867 |
719 |
↑17 |
|||
Welded pipe |
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
Tangshan |
4,270 |
631 |
↑100 |
Guangzhou |
Guangzhou |
4,450 |
657 |
↑20 |
|||
Beijing |
Jinghua |
4,190 |
619 |
0 |
|||
Average price |
- |
4,303 |
636 |
↑40 |
|||
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
Huaqi |
4,200 |
620 |
↑100 |
|
Guangzhou |
Guangzhou |
4,450 |
657 |
↑20 |
|||
Beijing |
Zengzhou |
4,120 |
609 |
0 |
|||
Average price |
- |
4,257 |
629 |
↑40 |
16 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.77