Local Chinese steel pipe prices have continued their downward trend during the past week.
Local Chinese seamless pipe prices have continued their downward movement during the past week against the backdrop of the decreases seen in billet prices. Overall trading activity has remained at low levels due to the off-season and the hot summer weather. As for the week ahead, considering the weakness of the raw material side, it is believed that seamless pipe prices may continue to move down.
Local Chinese welded pipe prices have maintained their downward trend during the past week, with relatively large decreases seen due to the significant declines observed in prices of steel strip and other raw materials. Overall trading activity has remained sluggish. As for the week ahead, it is believed that welded pipe prices may move down further.
Seamless pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Φ108 mm x 4.5 mm |
20# (GB/T8162-1999) |
Shanghai |
4,460 |
625 |
-60 |
Guangzhou |
4,690 |
657 |
-30 |
||
Beijing |
4,590 |
643 |
-80 |
||
Average price |
4,580 |
641 |
-57 |
||
Φ219 mm x 6 mm |
20# (GB/T8163-1999) |
Shanghai |
4,430 |
620 |
-60 |
Guangzhou |
4,610 |
646 |
-30 |
||
Beijing |
4,480 |
627 |
-80 |
||
Average price |
4,507 |
631 |
-57 |
All the above prices include 13 percent VAT.
Welded pipe prices
Spec |
Category |
Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Φ48 mm x 3.25 mm |
Q195-Q215 |
Shanghai |
3,810 |
534 |
-150 |
Guangzhou |
3,800 |
532 |
-110 |
||
Beijing |
3,780 |
529 |
-70 |
||
Average price |
3,797 |
532 |
-110 |
||
Ф114 mm x 3.75 mm |
Q215-Q235 |
Shanghai |
3,680 |
515 |
-150 |
Guangzhou |
3,800 |
532 |
-110 |
||
Beijing |
3,710 |
520 |
-70 |
||
Average price |
3,730 |
522 |
-110 |
All the above prices include 13 percent VAT.
$1 = RMB 7.140