Prices in the local Chinese steel pipe market have either remained stable or risen slightly in past week.
As of June 7, 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 $790/mt (RMB 5,067/mt), with 20# (GB/T8163-1999) grade 219 mm x 6 mm seamless pipe at $814/mt (RMB 5,217/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 $698/mt (RMB 4,477/mt) and $691/mt (RMB 4,430/mt) respectively. All the above prices include 16 percent VAT.
The local Chinese seamless pipe market has been mostly stable in the past week, with some slight upticks seen in eastern China amid production cuts due to the SCO summit. Overall trading activity is weak and is unlikely to improve due to the approaching offseason. Upstream billet prices have risen slightly. As for the coming week, it is thought that domestic seamless pipe prices will rise slightly.
The local Chinese welded pipe market has mostly moved up slightly in the past week supported by rises in upstream steel strip prices, though some prices have moved sideways, while trading activity for welded pipes has remained at low levels amid low demand from the construction sector due to hot weather and environmental protection measures. With demand unlikely to improve, traders are mostly downbeat on the prospects for the market and are unwilling to increase inventories. As for the week ahead, it is believed that welded pipe prices may soften slightly.
Product Name |
Spec. |
Category |
City |
Steel Plant/Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Seamless pipe |
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
Wuxi |
4,950 |
772 |
↑50 |
Guangzhou |
Shandong |
5,250 |
819 |
0 |
|||
Beijing |
Angang |
5,000 |
780 |
0 |
|||
Average price |
- |
5,067 |
790 |
↑17 |
|||
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
Zhenda |
5,200 |
811 |
↑50 |
|
Guangzhou |
Angang |
5,350 |
835 |
0 |
|||
Beijing |
Shandong |
5,100 |
796 |
0 |
|||
Average price |
- |
5,217 |
814 |
↑17 |
|||
Welded pipe |
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
Tangshan |
4,470 |
697 |
0 |
Guangzhou |
Guangzhou |
4,600 |
718 |
↑30 |
|||
Beijing |
Jinghua |
4,360 |
680 |
↑40 |
|||
Average price |
- |
4,477 |
698 |
↑23 |
|||
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
Huaqi |
4,380 |
683 |
0 |
|
Guangzhou |
Guangzhou |
4,600 |
718 |
↑30 |
|||
Beijing |
Zengzhou |
4,310 |
672 |
↑40 |
|||
Average price |
- |
4,430 |
691 |
↑23 |
16 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.41