Local Chinese steel pipe prices have moved sideways or up slightly during the past week.
Local Chinese seamless pipe prices have indicated a stable or slightly upward trend during the past week, supported by increases in billet prices, while trading has slackened and is considered to be weak since most downstream buyers have finished building up their stocks. As for the week ahead, it is believed that seamless pipe prices may fluctuate by small margins.
Overall trading activity in the local Chinese welded pipe market has been at normal levels in the past seven days, while prices have followed stable or slightly upward movements, with higher prices of steel strip and raw materials supporting upticks in some welded pipe prices. As for the week ahead, it is believed that welded pipe prices may follow a mostly stable trend during the Labor Day holiday period.
Seamless pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ108 mm x 4.5 mm | 20# (GB/T8162-1999) | Shanghai | 4,300 | 627 | 0 |
| Guangzhou | 4,340 | 632 | 0 | ||
| Beijing | 4,200 | 612 | 20 | ||
| Average price | 4,280 | 624 | 7 | ||
| Φ219 mm x 6 mm | 20# (GB/T8163-1999) | Shanghai | 4,270 | 622 | 0 |
| Guangzhou | 4,240 | 618 | 0 | ||
| Beijing | 4,100 | 597 | 20 | ||
| Average price | 4,203 | 612 | 7 |
All the above prices include 13 percent VAT.
Welded pipe prices
| Spec | Category | Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Φ48 mm x 3.25 mm | Q195-Q215 | Shanghai | 3,780 | 551 | 0 |
| Guangzhou | 3,680 | 536 | 0 | ||
| Beijing | 3,690 | 538 | 40 | ||
| Average price | 3,717 | 542 | 13 | ||
| Ф114 mm x 3.75 mm | Q215-Q235 | Shanghai | 3,650 | 532 | 0 |
| Guangzhou | 3,680 | 536 | 0 | ||
| Beijing | 3,620 | 527 | 40 | ||
| Average price | 3,650 | 532 | 13 |
All the above prices include 13 percent VAT.
$1 = RMB 6.863
