Local Chinese steel pipe prices have either moved sideways or risen slightly during the past week.
Local Chinese seamless pipe prices have moved up by small margins or remained stable in the past seven days. Overall trading activity has increased a little. Upstream billet prices have indicated small increases, which has caused some traders to raise their quoted prices for seamless pipes slightly. However, since downstream demand was impacted by the rainy weather in southern China, most traders chose to keep their prices stable in order to close more deals. As for the week ahead, most traders are still concerned that demand may continue to get weaker. Accordingly, it is believed that domestic seamless pipe prices may fluctuate in the coming week, with some slight downticks possible.
Chinese domestic welded pipe prices have been mostly stable in the past week, with some small increases seen too. Prices of steel strip and other raw materials increased at the beginning of last week, leading most welded pipe prices to move up. However, due to the weakness of demand most traders again decided to reduce their quoted prices back to the previous prices. As for the week ahead, against the backdrop of factors including the hot and rainy weather and the ongoing support from raw material prices, it is believed that domestic welded pipe prices may move down slightly.
Seamless pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
4,250 |
602 |
50 |
Guangzhou |
4,450 |
630 |
50 |
||
Beijing |
4,450 |
630 |
0 |
||
Average price |
4,383 |
621 |
33 |
||
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
4,300 |
609 |
50 |
Guangzhou |
4,500 |
637 |
0 |
||
Beijing |
4,550 |
644 |
0 |
||
Average price |
4,450 |
630 |
17 |
All the above prices include 13 percent VAT.
Welded pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
4,110 |
582 |
30 |
Guangzhou |
4,280 |
606 |
0 |
||
Beijing |
4,110 |
582 |
0 |
||
Average price |
4,167 |
590 |
10 |
||
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
4,120 |
583 |
30 |
Guangzhou |
4,280 |
606 |
0 |
||
Beijing |
4,040 |
572 |
0 |
||
Average price |
4,147 |
587 |
10 |
All the above prices include 13 percent VAT.
$1 = RMB 7.061