Local Chinese steel pipe prices stable or up slightly

Thursday, 11 June 2020 17:45:13 (GMT+3)   |   Shanghai
       

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


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