Local Chinese steel pipe prices have continued to move down during the past week.
Local Chinese seamless pipe prices have continued their downward trend during the past week, while overall trading activity has remained sluggish. The price trend has been downward due to lower billet prices and the poor demand situation. As for the week ahead, it is believed that seamless pipe prices may continue to decrease further.
Chinese domestic welded pipe prices have also moved down further during the past seven days against the backdrop of declines seen in prices of steel strip and other raw materials, and also taking into account overall trading activity which has remaining weak due to the off-season and hot weather conditions. As for the week ahead, it is believed that welded pipe prices may soften further.
Seamless pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
4,520 |
633 |
-30 |
Guangzhou |
4,720 |
661 |
-70 |
||
Beijing |
4,670 |
654 |
-20 |
||
Average price |
4,637 |
649 |
-40 |
||
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
4,490 |
628 |
-30 |
Guangzhou |
4,640 |
649 |
-70 |
||
Beijing |
4,560 |
638 |
-20 |
||
Average price |
4,563 |
639 |
-40 |
All the above prices include 13 percent VAT.
Welded pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
3,960 |
554 |
-30 |
Guangzhou |
3,910 |
547 |
-40 |
||
Beijing |
3,850 |
539 |
-50 |
||
Average price |
3,907 |
547 |
-40 |
||
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
3,830 |
536 |
-30 |
Guangzhou |
3,910 |
547 |
-40 |
||
Beijing |
3,780 |
529 |
-50 |
||
Average price |
3,840 |
537 |
-40 |
All the above prices include 13 percent VAT.
$1 = RMB 7.146