Local Chinese seamless pipe prices have followed a mostly downward trend during the past seven days amid decreases in prices of raw materials and billet. Overall trading activity has been slack. Supply has increased as well as market inventory. As for the week ahead, it is believed that seamless pipe prices may continue to move down slightly.
Chinese domestic welded pipe prices have indicated a downward trend during the past week against the backdrop of declines in prices of raw materials and steel strip. Overall trading activity has been at a low level. As for the week ahead, considering that raw material prices may continue their soft trend, it is believed that welded pipe prices may continue to move down.
Seamless pipe prices
|
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
|
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
5,280 |
768 |
0 |
|
Guangzhou |
5,550 |
808 |
-40 |
||
|
Beijing |
5,320 |
774 |
-10 |
||
|
Average price |
5,383 |
783 |
-17 |
||
|
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
5,250 |
764 |
0 |
|
Guangzhou |
5,500 |
800 |
-40 |
||
|
Beijing |
5,200 |
757 |
-10 |
||
|
Average price |
5,317 |
774 |
-17 |
All the above prices include 13 percent VAT.
Welded pipe prices
|
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
|
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
4,720 |
687 |
-40 |
|
Guangzhou |
4,780 |
696 |
-90 |
||
|
Beijing |
4,720 |
687 |
-60 |
||
|
Average price |
4,740 |
690 |
-63 |
||
|
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
4,730 |
688 |
-40 |
|
Guangzhou |
4,780 |
696 |
-90 |
||
|
Beijing |
4,640 |
675 |
-60 |
||
|
Average price |
4,717 |
686 |
-63 |
All the above prices include 13 percent VAT.