The local Chinese steel pipe market has generally followed a decrease trend during the past seven days.
As of September 17, 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 $469/mt, with 20# (GB/T8163-1999) grade 219 mm x 6 mm seamless pipe at $477/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 $367/mt and $373/mt respectively. All the above prices include 17 percent VAT.
Chinese seamless pipe market price showed a slightly downward trend in past week, considering the upstream billet price got a slightly decrease. Even though overall trade volume has increased, it is still slack. Since traders are trying to sell the inventory, seamless pipe price can hardly see any upward recently. So for next week, market players believe that the seamless pipe price may keep a mostly stable with slightly decrease trend in next week.
Chinese welded pipe market price showed downward trend. According to market reflection, overall demand volume was still in slackness. With the September coming, it is supposed to have a increase in trade volume, but traders are not hold a high confidence. Most traders are holding a wait and see stance. As for next week, Chinese welded pipe market price may show a fluctuating trend and also may show a slightly decrease in price.
| Product Name | Spec. | Category | City | Steel Plant/Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Seamless pipe | Φ108 mm x 4.5 mm | 20# (GB/T8162-1999) | Shanghai | Wuxi | 2,75 | 432 | ↓100 |
| Guangzhou | Shandong | 3,35 | 526 | ↓50 | |||
| Beijing | Angang | 2,9 | 455 | 0 | |||
| Average price | - | 3 | 471 | ↓50 | |||
| Φ219 mm x 6 mm | 20# (GB/T8163-1999) | Shanghai | Zhenda | 2,8 | 440 | ↓100 | |
| Guangzhou | Angang | 3,35 | 526 | ↓50 | |||
| Beijing | Shandong | 3 | 471 | 0 | |||
| Average price | - | 3,05 | 479 | ↓50 | |||
| Welded pipe | Φ48 mm x 3.25 mm | Q195-Q215 | Shanghai | Tangshan | 2,29 | 359 | ↓30 |
| Guangzhou | Guangzhou | 2,45 | 385 | ↓100 | |||
| Beijing | Jinghua | 2,3 | 361 | ↓50 | |||
| Average price | - | 2,347 | 368 | ↓60 | |||
| Ф114 mm x 3.75 mm | Q215-Q235 | Shanghai | Huaqi | 2,43 | 381 | 0 | |
| Guangzhou | Guangzhou | 2,45 | 385 | ↓100 | |||
| Beijing | Zengzhou | 2,28 | 358 | ↓50 | |||
| Average price | - | 2,387 | 375 | ↓50 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.37