Local Chinese steel pipe prices have indicated minor fluctuations during the past week.
Chinese domestic seamless pipe prices have moved sideways or have increased slightly in the past seven days, with some support coming from billet prices. Overall trading activity has been weak due to the off-season. As for the week ahead, seamless pipe prices are expected to indicate only small fluctuations.
Local Chinese welded pipe prices have risen slightly during the past week, supported by strip prices on the upstream side. Overall trading activity has improved a little, but is still weak. As for the week ahead, it is believed that welded pipe prices may fluctuate slightly.
Seamless pipe prices
|
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
|
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
5,450 |
806 |
0 |
|
Guangzhou |
5,700 |
843 |
0 |
||
|
Beijing |
5,520 |
822 |
-40 |
||
|
Average price |
5,557 |
823 |
-13 |
||
|
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
5,420 |
801 |
0 |
|
Guangzhou |
5,620 |
831 |
0 |
||
|
Beijing |
5,400 |
804 |
-40 |
||
|
Average price |
5,480 |
812 |
-13 |
All the above prices include 13 percent VAT.
Welded pipe prices
|
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
|
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
4,570 |
679 |
0 |
|
Guangzhou |
4,630 |
688 |
100 |
||
|
Beijing |
4,540 |
674 |
20 |
||
|
Average price |
4,580 |
680 |
40 |
||
|
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
4,580 |
680 |
0 |
|
Guangzhou |
4,630 |
688 |
100 |
||
|
Beijing |
4,460 |
663 |
20 |
||
|
Average price |
4,557 |
677 |
40 |
All the above prices include 13 percent VAT.
$1 = RMB 6.732