Local Chinese steel pipe prices have moved sideways or down slightly during the past week.
Local Chinese seamless pipe prices have followed a stable trend during the past week amid only minimal changes in billet prices. Overall trading activity has remained at a low level due to the off-season. As for the week ahead, it is believed that seamless pipe prices may indicate small fluctuations.
Local Chinese welded pipe prices have moved on a slight downtrend during the past week. Overall trading activity is still weak. On the upstream side, steel strip prices have just indicated minor fluctuations. Due to the off-season, demand has continued to slacken especially in southern China, exerting pressure on welded pipe prices. As for the week ahead, it is believed that welded pipe prices may follow a slightly soft trend.
Seamless pipe prices
| Spec | Category | Origin | Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
| Φ108 mm x 4.5 mm | 20# (GB/T8162-1999) | Shanghai | 4,200 |
593 |
0 |
| Guangzhou | 4,330 |
611 |
0 |
||
| Beijing | 4,210 |
594 |
0 |
||
| Average price | 4,247 |
599 |
0 |
||
| Φ219 mm x 6 mm | 20# (GB/T8163-1999) | Shanghai | 4,170 |
588 |
0 |
| Guangzhou | 4,230 |
597 |
0 |
||
| Beijing | 4,110 |
580 |
0 |
||
| Average price | 4,170 |
588 |
0 |
All the above prices include 13 percent VAT.
Welded pipe prices
| Spec | Category | Origin | Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
| Φ48 mm x 3.25 mm | Q195-Q215 | Shanghai | 3,720 |
525 |
0 |
| Guangzhou | 3,580 |
505 |
-50 |
||
| Beijing | 3,600 |
508 |
-10 |
||
| Average price | 3,633 |
513 |
-20 |
||
| Ф114 mm x 3.75 mm | Q215-Q235 | Shanghai | 3,590 |
507 |
0 |
| Guangzhou | 3,580 |
505 |
-50 |
||
| Beijing | 3,530 |
498 |
-10 |
||
| Average price | 3,567 |
503 |
-20 |
All the above prices include 13 percent VAT.
$1 = RMB 7.087