The local Chinese steel pipe prices have moved up slightly during the past week.
Local Chinese seamless pipe prices have moved up a little during the past seven days. Overall trading activity has been weak, though support from the cost side is still strong. As for the week ahead, it is believed that seamless pipe prices will just indicate small fluctuations.
Local Chinese welded pipe prices have indicated small increases during the past week supported by rises in prices of steel strip and raw materials. Overall trading activity has been sluggish. As for the week ahead, it is believed that welded pipe prices may just see minor fluctuations.
Seamless pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ108 mm x 4.5 mm | 20# (GB/T8162-1999) | Shanghai | 4,370 | 613 | 30 |
| Guangzhou | 4,470 | 627 | 20 | ||
| Beijing | 4,380 | 614 | 0 | ||
| Average price | 4,407 | 618 | 17 | ||
| Φ219 mm x 6 mm | 20# (GB/T8163-1999) | Shanghai | 4,340 | 608 | 30 |
| Guangzhou | 4,400 | 617 | 20 | ||
| Beijing | 4,280 | 600 | 0 | ||
| Average price | 4,340 | 608 | 17 |
All the above prices include 13 percent VAT.
Welded pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ48 mm x 3.25 mm | Q195-Q215 | Shanghai | 3,920 | 549 | 20 |
| Guangzhou | 3,740 | 524 | 10 | ||
| Beijing | 3,800 | 533 | 30 | ||
| Average price | 3,820 | 535 | 20 | ||
| Ф114 mm x 3.75 mm | Q215-Q235 | Shanghai | 3,790 | 531 | 20 |
| Guangzhou | 3,740 | 524 | 10 | ||
| Beijing | 3,730 | 523 | 30 | ||
| Average price | 3,753 | 526 | 20 |
All the above prices include 13 percent VAT.
$1 = RMB 7.134
