Local Chinese steel pipe prices have indicated stable or slightly rebounding movements during the past week.
In the past seven days, local Chinese seamless pipe prices have showed stable movement with slight upticks also seen, supported by upticks in upstream raw material prices. Overall trading activity has remained at a low level. As for the week ahead, it is believed that seamless pipe prices may continue their mostly stable trend.
Local Chinese welded pipe prices have rebounded slightly during the past week, influenced by the small increases observed in prices of steel strip and other raw materials. Overall trading activity has remained sluggish. As for the week ahead, it is believed that welded pipe prices may just fluctuate slightly.
Seamless pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ108 mm x 4.5 mm | 20# (GB/T8162-1999) | Shanghai | 4,220 | 597 | 20 |
| Guangzhou | 4,310 | 609 | 0 | ||
| Beijing | 4,190 | 592 | 0 | ||
| Average price | 4,240 | 599 | 7 | ||
| Φ219 mm x 6 mm | 20# (GB/T8163-1999) | Shanghai | 4,190 | 592 | 20 |
| Guangzhou | 4,210 | 595 | 0 | ||
| Beijing | 4,090 | 578 | 0 | ||
| Average price | 4,163 | 589 | 7 |
All the above prices include 13 percent VAT.
Welded pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ48 mm x 3.25 mm | Q195-Q215 | Shanghai | 3,740 | 529 | 10 |
| Guangzhou | 3,600 | 509 | 20 | ||
| Beijing | 3,610 | 510 | 10 | ||
| Average price | 3,650 | 516 | 13 | ||
| Ф114 mm x 3.75 mm | Q215-Q235 | Shanghai | 3,610 | 510 | 10 |
| Guangzhou | 3,600 | 509 | 20 | ||
| Beijing | 3,540 | 500 | 10 | ||
| Average price | 3,583 | 507 | 13 |
All the above prices include 13 percent VAT.
$1 = RMB 7.073