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)