Local Chinese steel pipe prices have mostly moved down slightly during the past week.
Local Chinese seamless pipe prices have moved sideways or softened by small margins during the past week amid minor downticks in upstream billet prices. Overall trading activity has been weak. As for the week ahead, it is believed that seamless pipe prices will mostly indicate small declines.
Chinese domestic welded pipe prices have continued to move down a little during the past week amid weaker prices of steel strips and raw materials. Overall demand and trading activity have been slack due to the off-season. As for the week ahead, it is believed that welded pipe prices may indicate further small decreases.
Seamless pipe prices
|
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
|
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
4,830 |
679 |
0 |
|
Guangzhou |
4,980 |
700 |
-20 |
||
|
Beijing |
4,840 |
681 |
0 |
||
|
Average price |
4,883 |
687 |
-7 |
||
|
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
4,800 |
675 |
0 |
|
Guangzhou |
4,900 |
689 |
-20 |
||
|
Beijing |
4,730 |
665 |
0 |
||
|
Average price |
4,810 |
676 |
-7 |
All the above prices include 13 percent VAT.
Welded pipe prices
|
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
|
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
4,210 |
592 |
-20 |
|
Guangzhou |
4,130 |
581 |
0 |
||
|
Beijing |
4,090 |
575 |
-20 |
||
|
Average price |
4,143 |
583 |
-13 |
||
|
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
4,080 |
574 |
-20 |
|
Guangzhou |
4,130 |
581 |
0 |
||
|
Beijing |
4,020 |
565 |
-20 |
||
|
Average price |
4,077 |
573 |
-13 |
All the above prices include 13 percent VAT.
$1 = RMB 7.112