Local Chinese steel pipe prices still fluctuate slightly

Friday, 03 September 2021 16:18:34 (GMT+3)   |   Shanghai
       

Local Chinese steel pipe prices have continued to fluctuate slightly during the past week.

As of September 2, in China's three main steel markets, i.e., Shanghai, Guangzhou and Beijing, the average price of 20# (GB/T8162-1999) grade 108 mm x 4.5 mm seamless pipe now stands at $970/mt (RMB 6,267/mt), with 20# (GB/T8163-1999) grade 219 mm x 6 mm seamless pipe at $973/mt (RMB 6,283/mt). Meanwhile, on the same date, Q195-215 grade 48 mm x 3.25 mm welded pipe and Q215-235 grade 114 mm x 3.75 mm welded pipe prices in the above markets are standing at $940/mt (RMB 6,070/mt) and $935/mt (RMB 6,040/mt) respectively. All the above prices include 13 percent VAT.

Chinese seamless pipe prices have followed a stable trend or slight uptrend during the past week, supported by a small rebound in billet prices. Overall trading activity has improved slightly, but is still weak. Traders mostly hold a positive view since September is part of the traditional peak sales season. As for the week ahead, it is believed that seamless pipe prices may fluctuate with some slight upticks.

Chinese domestic welded pipe prices have indicated minor fluctuations in the past seven days, supported by minor increases in steel strip and raw material prices. However, demand is still weak since prices are considered by buyers to be at high levels. Supply is also on the low side. As for the week ahead, it is believed that welded pipe prices may see further small fluctuations.

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

6,100

944

0

Guangzhou

6,350

983

50

Beijing

6,350

983

0

Average price

6,267

970

17

Φ219 mm x 6 mm

20# (GB/T8163-1999)

Shanghai

6,100

944

0

Guangzhou

6,350

983

50

Beijing

6,400

991

0

Average price

6,283

973

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

5,990

927

0

Guangzhou

6,130

949

-20

Beijing

6,090

943

20

Average price

6,070

940

0

Ф114 mm x 3.75 mm

Q215-Q235

Shanghai

6,000

929

0

Guangzhou

6,130

949

-20

Beijing

5,990

927

20

Average price

6,040

935

0

All the above prices include 13 percent VAT.

$1 = RMB 6.459


Similar articles

US OCTG exports up 26.8 percent in January

27 Mar | Steel News

India’s VSTL setting up greenfield steel pipe making unit in Odisha

27 Mar | Steel News

Japanese crude steel output down 3.8 percent in February from January

27 Mar | Steel News

India’s Welspun secures $62 million steel pipe supply contract in Saudi Arabia

26 Mar | Steel News

Some EU flat steel import quotas about to be exhausted near end of period

26 Mar | Steel News

Canada initiates review on line pipe from S. Korea

25 Mar | Steel News

India’s Welspun and Saudi Arabia’s Aramco terminate steel pipe supply contract

25 Mar | Steel News

US and Canadian rig counts both decline week-on-week

22 Mar | Steel News

US structural pipe and tube exports down 41.7 percent in January

22 Mar | Steel News

Tata Steel Nederland plans to close precision tube operations

22 Mar | Steel News