Prices in the local Chinese steel pipe market have been characterized either by stable movement or slight fluctuations in the past week.
As of November 9, 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 $812mt (RMB 5,383/mt), with 20# (GB/T8163-1999) grade 219 mm x 6 mm seamless pipe at $807/mt (RMB 5,350/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 $689/mt (RMB 4,567/mt) and $684/mt (RMB 4,537/mt) respectively. All the above prices include 17 percent VAT. ($1 = RMB 6.63)
The local Chinese seamless pipe market has mostly moved sideways in the past seven days, with some slight downticks also seen in prices. Overall trading activity has remained at low levels, while sentiment among traders is downbeat. Most traders have kept their prices stable as reductions in prices appear unlikely to boost market activity significantly. Production cuts within the scope of environmental measures may provide some support for prices in the coming period. As for the coming week, it is believed the local seamless pipe market may fluctuate on a slightly soft trend.
The Chinese domestic welded pipe market has fluctuated on an upward trend in the past week, though increase margins are not very large. Increases in steel strip prices have provided support for higher welded pipe prices. Overall trading activity for welded pipes is slack amid weak downstream demand with the onset of the offseason. Meanwhile, reduced output due to environmental measures has provided support for market prices. As for the coming week, it is expected that welded pipe prices will just indicate slight fluctuations.
Product Name |
Spec. |
Category |
City |
Steel Plant/Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Seamless pipe |
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
Wuxi |
5,200 |
783 |
↓50 |
Guangzhou |
Shandong |
5,550 |
836 |
0 |
|||
Beijing |
Angang |
5,400 |
813 |
0 |
|||
Average price |
- |
5,383 |
811 |
↓17 |
|||
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
Zhenda |
5,150 |
776 |
↓50 |
|
Guangzhou |
Angang |
5,550 |
836 |
0 |
|||
Beijing |
Shandong |
5,350 |
806 |
0 |
|||
Average price |
- |
5,350 |
806 |
↓17 |
|||
Welded pipe |
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
Tangshan |
4,620 |
696 |
↑30 |
Guangzhou |
Guangzhou |
4,630 |
697 |
↑30 |
|||
Beijing |
Jinghua |
4,450 |
670 |
↑50 |
|||
Average price |
- |
4,567 |
688 |
↑37 |
|||
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
Huaqi |
4,530 |
682 |
↑30 |
|
Guangzhou |
Guangzhou |
4,630 |
697 |
↑30 |
|||
Beijing |
Zengzhou |
4,450 |
670 |
↑50 |
|||
Average price |
- |
4,537 |
683 |
↑37 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.64