China's Spot Market Dynamics:
Today, seamless pipe prices in major cities across the country are basically stable. The national average price of 108*4.5mm seamless pipes is US$670.76/ton, which is stable compared with the previous trading day. The market price of buckle-type steel pipe scaffolding is stable.
Mainstream market quotation:
In North China, the quotation price for 2.5m vertical poles is $737.96/ton, and the quotation price for 0.9m horizontal poles is $724.22/ton. In East China, the quotation price for 2.5m vertical poles is $781.94/ton, and the quotation price for 0.9m horizontal poles is $769.57/ton.
The spot price of welded pipes is stable and weakening. The national average price of 4-inch*3.75mm welded pipes is $582.40/ton, down $0.41/ton from the previous trading day; the national average price of 4-inch*3.75mm galvanized pipes is $665.54/ton, down $0.82/ton from the previous trading day.