Local Chinese steel pipe prices remain stable or increase slightly

Thursday, 14 February 2019 17:49:47 (GMT+3)   |   Shanghai
       

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 


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