Local Chinese steel pipe prices have showed a downward trend during the past week.
Local Chinese seamless pipe prices have continued their downward trend during the past week amid lower billet prices, ongoing weak trading activity and high market inventories. As for the week ahead, it is believed that seamless pipe prices may continue to move down amid weaker support from the cost side.
Local Chinese welded pipe prices have soften during the past seven days, especially given lower prices of steel strip and raw materials, while overall trading activity has remained weak due to the off-season. As for the week ahead, it is believed that welded pipe prices will continue their soft trend.
Seamless pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
4,590 |
644 |
-90 |
Guangzhou |
4,850 |
680 |
-30 |
||
Beijing |
4,720 |
662 |
-30 |
||
Average price |
4,720 |
662 |
-50 |
||
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
4,560 |
639 |
-90 |
Guangzhou |
4,770 |
669 |
-30 |
||
Beijing |
4,610 |
646 |
-30 |
||
Average price |
4,647 |
652 |
-50 |
All the above prices include 13 percent VAT.
Welded pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
4,030 |
565 |
-50 |
Guangzhou |
4,020 |
564 |
-40 |
||
Beijing |
3,940 |
552 |
-90 |
||
Average price |
3,997 |
560 |
-60 |
||
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
3,900 |
547 |
-50 |
Guangzhou |
4,020 |
564 |
-40 |
||
Beijing |
3,870 |
543 |
-90 |
||
Average price |
3,930 |
551 |
-60 |
All the above prices include 13 percent VAT.
$1 = RMB 7.132