The local Chinese steel pipe market has mostly followed a downward trend during the past week.
As of December 29, 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 $630/mt (RMB 4,380/mt), with 20# (GB/T8163-1999) grade 219 mm x 6 mm seamless pipe at $633/mt (RMB 4,397/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 $515/mt (RMB 3,580/mt) and $518/mt (RMB 3,603/mt) respectively. All the above prices include 17 percent VAT. ($1 = RMB 6.95)
The Chinese domestic seamless pipe market has mainly moved on a soft trend in the past seven days amid the ongoing weakness of demand and lower billet prices. It is believed that seamless pipe prices will fluctuate in a downward direction in the week ahead.
Local Chinese welded pipe prices have decreased during the past week. Bad weather conditions have contributed to the weakness of demand. Traders have reduced their prices in order to attract business, but with little success. Domestic welded pipe prices are expected to continue their downward trend in the coming week.
| Product Name | Spec. | Category | City | Steel Plant/Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Seamless pipe | Φ108 mm x 4.5 mm | 20# (GB/T8162-1999) | Shanghai | Wuxi | 4,150 | 597 | ↓140 |
| Guangzhou | Shandong | 4,690 | 675 | 0 | |||
| Beijing | Angang | 4,300 | 619 | ↓40 | |||
| Average price | - | 4,380 | 630 | ↓60 | |||
| Φ219 mm x 6 mm | 20# (GB/T8163-1999) | Shanghai | Zhenda | 4,200 | 604 | ↓90 | |
| Guangzhou | Angang | 4,740 | 682 | 0 | |||
| Beijing | Shandong | 4,250 | 612 | ↓40 | |||
| Average price | - | 4,397 | 633 | ↓43 | |||
| Welded pipe | Φ48 mm x 3.25 mm | Q195-Q215 | Shanghai | Tangshan | 3,570 | 514 | ↓130 |
| Guangzhou | Guangzhou | 3,750 | 540 | ↓70 | |||
| Beijing | Jinghua | 3,420 | 492 | ↓60 | |||
| Average price | - | 3,580 | 515 | ↓87 | |||
| Ф114 mm x 3.75 mm | Q215-Q235 | Shanghai | Huaqi | 3,610 | 519 | ↓130 | |
| Guangzhou | Guangzhou | 3,800 | 547 | ↓70 | |||
| Beijing | Zengzhou | 3,400 | 489 | ↓60 | |||
| Average price | - | 3,603 | 518 | ↓87 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.95