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