During the week ending July 3, average Chinese steel pipe export offer prices have moved sideways. At present, export offers for welded pipe given by Chinese suppliers are in the range of $510-520/mt FOB, remaining stable compared to June 26, while export offers for API 5L seamless pipe given by Chinese suppliers are at $520-540/mt FOB, September shipment, moving sideways compared to June 26.
Product name |
Quality |
Spec. |
Price ($/mt) FOB |
Weekly change ($/mt) |
API 5L seamless pipe |
Gr.B |
2’’-6’’ Std |
530 |
- |
Seamless pipe, casing (hot rolled forming) |
J55 |
3’’-8’’ Std |
530 |
- |
Seamless pipe, tubing (cold drawn forming) |
ST37 |
< 3’’ Std |
655 |
- |
Welded pipes |
Gr.B |
2’’-6’’ Std |
515 |
- |
During the given week, steel pipe prices in the Chinese domestic market have moved sideways amid the hot weather and floods in many regions of China. Supply of steel pipes has increased, exerting a negative impact on prices. Steel pipe producers have planned maintenance works, aiming to bolster steel pipe prices to a certain degree. The current widespread rainfall will ease soon, which may positively affect steel pipe prices. It is expected that steel pipe prices in the Chinese domestic market will edge up slightly in the coming week.
As of July 3, HRC futures at the Shanghai Futures Exchange are standing at RMB 3,809/mt ($534/mt), increasing by RMB 56/mt ($8/mt) or 1.5 percent since June 26, while up 1.2 percent compared to the previous trading day, July 2.
$1 = RMB 7.1312