Local Chinese steel pipe prices rise further

Friday, 05 March 2021 15:46:31 (GMT+3)   |   Shanghai
       

Local Chinese steel pipe prices have continued their upward trend during the past week.

As of March 4, 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 $861/mt (RMB 5,577/mt), with 20# (GB/T8163-1999) grade 219 mm x 6 mm seamless pipe at $864/mt (RMB 5,593/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 $814/mt (RMB 5,270/mt) and $809/mt (RMB 5,240/mt) respectively. All the above prices include 13 percent VAT. ($1 = RMB 6.476)

Chinese seamless pipe prices have mostly continued to move up during the past seven days. Overall trading activity has increased and is at normal levels. Prices of billet and other raw material have followed an upward trend, causing seamless pipe prices to mostly follow suit. Traders are mainly cautious since prices are already at high levels and they only purchase when they receive orders. As for the week ahead, it is believed that seamless pipe prices may fluctuate in an upward direction amid recent fluctuations in raw material prices.

Chinese welded pipe prices have indicated an upward trend during the past week. Overall trading activity has improved slightly but is still on the weak side since downstream stocks are generally at high levels and buyers are worried that prices may be too high. Prices of steel strip and other raw materials have showed an upward trend, which mainly causing welded pipe prices to follow the same trend. As for the week ahead, considering that demand can hardly support further price rises, it is believed that welded pipe prices may just indicate slight fluctuations.

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

5,600

865

50

Guangzhou

5,600

865

50

Beijing

5,530

854

200

Average price

5,577

861

100

Φ219 mm x 6 mm

20# (GB/T8163-1999)

Shanghai

5,600

865

0

Guangzhou

5,600

865

50

Beijing

5,580

862

200

Average price

5,593

864

83

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

5,250

811

150

Guangzhou

5,400

834

120

Beijing

5,160

797

130

Average price

5,270

814

133

Ф114 mm x 3.75 mm

Q215-Q235

Shanghai

5,260

812

150

Guangzhou

5,400

834

120

Beijing

5,060

781

130

Average price

5,240

809

133

All the above prices include 13 percent VAT.

$1 = RMB 6.4758 (March 4)


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