The local Chinese steel pipe prices have continued their downward trend during the past week.
Local Chinese seamless pipe prices have continued their soft trend during the past seven days. Overall trading activity is still at low levels. Upstream billet prices have characterized by fluctuations. As for the week ahead, it is thought that seamless pipe prices may continue their weak trend.
Local Chinese welded pipe prices have remained on a downward trend during the past week. Overall trading activity is still sluggish, contributing to the ongoing downward trend of welded pipe prices. Prices of steel strip and other raw material prices have rebounded by small margins. As for the week ahead, it is believed that welded pipe prices may indicate minor fluctuations.
Seamless pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
4,350 |
611 |
-110 |
Guangzhou |
4,610 |
647 |
-80 |
||
Beijing |
4,520 |
635 |
-70 |
||
Average price |
4,493 |
631 |
-87 |
||
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
4,320 |
606 |
-110 |
Guangzhou |
4,530 |
636 |
-80 |
||
Beijing |
4,410 |
619 |
-70 |
||
Average price |
4,420 |
621 |
-87 |
All the above prices include 13 percent VAT.
Welded pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
3,730 |
524 |
-80 |
Guangzhou |
3,700 |
519 |
-100 |
||
Beijing |
3,680 |
517 |
-100 |
||
Average price |
3,703 |
520 |
-93 |
||
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
3,600 |
505 |
-80 |
Guangzhou |
3,700 |
519 |
-100 |
||
Beijing |
3,610 |
507 |
-100 |
||
Average price |
3,637 |
511 |
-93 |
All the above prices include 13 percent VAT.
$1 = RMB 7.123