Local Chinese steel pipe prices have moved sideways or indicated slight fluctuations during the past week.
Local Chinese seamless pipe prices have showed a stable or slightly soft trend during the past seven days. Due to the off-season and colder weather, overall trading activity has remained at a low level, causing some traders to slightly reduce their quoted prices in order to close more deals. As for the week ahead, it is believed that seamless pipe prices may indicate a mostly stable trend.
Local Chinese welded pipe prices have moved sideways or up slightly during the past week. Overall trading activity has remained weak. Prices of steel strip and other raw materials have indicated some small upticks, causing some welded pipe traders to follow suit, though most traders have kept quoted prices stable due to the weakness of the demand side. As for the week ahead, it is believed that welded pipe prices may indicate small fluctuations.
Seamless pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ108 mm x 4.5 mm | 20# (GB/T8162-1999) | Shanghai | 4,200 | 592 | 0 |
| Guangzhou | 4,330 | 611 | 0 | ||
| Beijing | 4,190 | 591 | -20 | ||
| Average price | 4,240 | 598 | -7 | ||
| Φ219 mm x 6 mm | 20# (GB/T8163-1999) | Shanghai | 4,170 | 588 | 0 |
| Guangzhou | 4,230 | 597 | 0 | ||
| Beijing | 4,090 | 577 | -20 | ||
| Average price | 4,163 | 587 | -7 |
All the above prices include 13 percent VAT.
Welded pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ48 mm x 3.25 mm | Q195-Q215 | Shanghai | 3,730 | 526 | 10 |
| Guangzhou | 3,580 | 505 | 0 | ||
| Beijing | 3,600 | 508 | 0 | ||
| Average price | 3,637 | 513 | 3 | ||
| Ф114 mm x 3.75 mm | Q215-Q235 | Shanghai | 3,600 | 508 | 10 |
| Guangzhou | 3,580 | 505 | 0 | ||
| Beijing | 3,530 | 498 | 0 | ||
| Average price | 3,570 | 503 | 3 |
All the above prices include 13 percent VAT.
$1 = RMB 7.091