Local Chinese steel pipe prices have been stable or have moved up slightly during the past week.
Chinese domestic seamless pipe prices have followed a mostly stable in the past seven days, with slight upticks also seen. Overall trading activity has been weak due to the off-season. Rises in upstream billet prices have caused some seamless pipe traders to raise their prices, though most traders have kept their prices stable due to the weakness of demand. As for the week ahead, it is believed that seamless pipe prices may indicate small fluctuations.
Local Chinese welded pipe prices have mostly moved up slightly during the past week on the back of rises in prices of steel strip and other raw materials. Overall trading activity has been weak due to the off-season. As for the week ahead, considering the support from the cost side, it is believed that welded pipe prices may continue their slight upward trend.
Seamless pipe prices
|
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
|
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
4,880 |
683 |
80 |
|
Guangzhou |
4,950 |
693 |
0 |
||
|
Beijing |
4,850 |
679 |
0 |
||
|
Average price |
4,893 |
685 |
27 |
||
|
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
4,850 |
679 |
80 |
|
Guangzhou |
4,900 |
686 |
0 |
||
|
Beijing |
4,850 |
679 |
0 |
||
|
Average price |
4,867 |
681 |
27 |
All the above prices include 13 percent VAT.
Welded pipe prices
|
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
|
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
4,360 |
610 |
0 |
|
Guangzhou |
4,220 |
590 |
20 |
||
|
Beijing |
4,190 |
586 |
40 |
||
|
Average price |
4,257 |
596 |
20 |
||
|
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
4,230 |
592 |
0 |
|
Guangzhou |
4,220 |
590 |
20 |
||
|
Beijing |
4,110 |
575 |
40 |
||
|
Average price |
4,187 |
586 |
20 |
All the above prices include 13 percent VAT.
$1 = RMB 7.147