The local Chinese steel pipe prices have showed a slight downtrend during the past week.
Chinese seamless pipe prices have declined slightly during the past week. Overall trading activity has been weak due to off-season. Upstream billet prices continued to see a fluctuation with slight downticks which mainly cause seamless pipe prices to follow. As for the week ahead, it is believed that seamless pipe prices may continue moving on a downtrend.
Chinese welded pipe prices remained to see a downward movement during the past week. Overall trading activity has been weak due to hot and rainy weather in most areas of China. Upstream steel strip and other raw material prices have continued to see a weak trend. As for the week ahead, considering off-season and weakness of demand, it is believed that welded pipe prices may keep registering slight declines.
Seamless pipe prices
|
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
|
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
4,800 |
674 |
-30 |
|
Guangzhou |
4,960 |
697 |
-20 |
||
|
Beijing |
4,820 |
677 |
-20 |
||
|
Average price |
4,860 |
683 |
-23 |
||
|
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
4,770 |
670 |
-30 |
|
Guangzhou |
4,880 |
685 |
-20 |
||
|
Beijing |
4,710 |
662 |
-20 |
||
|
Average price |
4,787 |
672 |
-23 |
All the above prices include 13 percent VAT.
Welded pipe prices
|
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
|
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
4,200 |
590 |
-10 |
|
Guangzhou |
4,110 |
577 |
-20 |
||
|
Beijing |
4,070 |
572 |
-20 |
||
|
Average price |
4,127 |
580 |
-17 |
||
|
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
4,070 |
572 |
-10 |
|
Guangzhou |
4,110 |
577 |
-20 |
||
|
Beijing |
4,000 |
562 |
-20 |
||
|
Average price |
4,060 |
570 |
-17 |
All the above prices include 13 percent VAT.
$1 = RMB 7.119