Local Chinese steel pipe prices have either moved sideways or down slightly during the past week.
Local Chinese seamless pipe prices have showed a stable trend during the past seven days amid just very small fluctuations in upstream billet prices, while overall trading activity for seamless pipes has remained slow. As for the week ahead, it is believed that seamless pipe prices may only indicate minor changes.
Local Chinese welded pipe prices have softened a little during the past week against the backdrop of some small decreases in steel strip prices, while overall trading activity for welded pipes has slowed and is considered to be weak. As for the week ahead, it is believed that domestic welded pipe prices may fluctuate by small margins.
Seamless pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ108 mm x 4.5 mm | 20# (GB/T8162-1999) | Shanghai | 4,320 | 601 | 0 |
| Guangzhou | 4,480 | 623 | 0 | ||
| Beijing | 4,420 | 615 | 0 | ||
| Average price | 4,407 | 613 | 0 | ||
| Φ219 mm x 6 mm | 20# (GB/T8163-1999) | Shanghai | 4,290 | 597 | 0 |
| Guangzhou | 4,420 | 615 | 0 | ||
| Beijing | 4,270 | 594 | 0 | ||
| Average price | 4,327 | 602 | 0 |
All the above prices include 13 percent VAT.
Welded pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ48 mm x 3.25 mm | Q195-Q215 | Shanghai | 3,810 | 530 | -20 |
| Guangzhou | 3,800 | 529 | -10 | ||
| Beijing | 3,720 | 517 | 0 | ||
| Average price | 3,777 | 525 | -10 | ||
| Ф114 mm x 3.75 mm | Q215-Q235 | Shanghai | 3,680 | 512 | -20 |
| Guangzhou | 3,800 | 529 | -10 | ||
| Beijing | 3,650 | 508 | 0 | ||
| Average price | 3,710 | 516 | -10 |
All the above prices include 13 percent VAT.
$1 = RMB 7.189
