Current offers of locally produced 2"-6" welded pipes of grade B as per ASTM A53 are being given to the Chinese domestic market at an average of RMB 3,800-4,000/mt ($613-645/mt) ex-works, while domestic offers of hollow sections and welded pipes of grade Q215-195 are at the level of RMB 3,200-3,400/mt ($516-548/mt) ex-works. These local market welded pipe prices include 17 percent VAT. Traders in Shanghai are offering Q215-Q235 welded pipes made to GB/T3091 at around RMB 3,300-3,450/mt ($532-556/mt) ex-warehouse, while stockists in the cities of Tianjin and Beijing are offering similar pipes at RMB 3,270-3,350/mt ($527-540/mt) ex-warehouse.
Current export prices of welded pipes from large Chinese mills, 2"-10" grade B according to ASTM A53, are at around $590-620/mt FOB on actual weight basis.
$1 = RMB 6.20