Local Chinese steel pipe prices have continued their mostly downward trend during the past week.
Local Chinese seamless pipe prices have moved down during the past week amid softer billet prices, but the decrease margins have been small as overall trading activity has improved a little and is considered to be at normal levels, which provides some support for seamless pipe prices. As for the week ahead, it is believed that seamless pipe prices may continue their slight downtrend.
Local Chinese welded pipe prices have continued their downward trend during the past week given the decreases seen in prices of steel strips and other raw materials. Overall trading activity has remained weak. As for the week ahead, since the cost side is weakening, it is believed that welded pipe prices may soften further.
Seamless pipe prices
|
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
|
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
4,860 |
685 |
-20 |
|
Guangzhou |
5,010 |
706 |
0 |
||
|
Beijing |
4,860 |
685 |
-20 |
||
|
Average price |
4,910 |
692 |
-13 |
||
|
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
4,830 |
681 |
-20 |
|
Guangzhou |
4,930 |
695 |
0 |
||
|
Beijing |
4,750 |
669 |
-20 |
||
|
Average price |
4,837 |
682 |
-13 |
All the above prices include 13 percent VAT.
Welded pipe prices
|
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
|
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
4,240 |
598 |
-80 |
|
Guangzhou |
4,250 |
599 |
-90 |
||
|
Beijing |
4,090 |
576 |
-60 |
||
|
Average price |
4,193 |
591 |
-77 |
||
|
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
4,110 |
579 |
-80 |
|
Guangzhou |
4,250 |
599 |
-90 |
||
|
Beijing |
4,010 |
565 |
-60 |
||
|
Average price |
4,123 |
581 |
-77 |
All the above prices include 13 percent VAT.
$1 = RMB 7.095