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Chinese linepipe offer prices continue to fall

机译:中国管线管报价继续下跌

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With Chinese exports of finished steel up to new records in the thirdquarter, higher than those reached in the final quarter of last year, it islittle surprise that China’s share of global welded tube and pipe trade isalso estimated to have skyrocketed in the last quarter (see chart). China’sprices for welded material remains at record lows, with ERW API 5L gradeB at $430/t FOB and LSAW API 5L X60 at $560/t FOB. However, with respectto our intelligence of this month on the Middle Eastern market, Chinesewelded linepipe prices may be transacting even lower in some regions.In the UAE we have heard China-origin ERW API 5L B material traded at$400-500/t CFR Jebel Ali. Assuming freight rates of between $40-50/t, thissuggests that there could be trades occurring at as low as $350/t FOB China– an unprecedented level for this product group.
机译:随着中国成品钢材出口在第三季度创下新纪录,高于去年最后一个季度的出口水平,据估计,中国在全球焊接钢管贸易中的份额在上一季度也飙升了,这不足为奇(参见图表)。中国的焊接材料价格仍处于历史最低水平,ERW API 5L B级价格为$ 430 / t FOB,LSAW API 5L X60价格为$ 560 / t FOB。然而,就本月我们在中东市场上的情报而言,中国焊接的管线管价格可能在某些地区甚至更低。在阿联酋,我们听说中国产ERW API 5L B物料交易价格为$ 400-500 / t CFR杰贝尔阿里假设运费在$ 40-50 / t之间,这表明可能有低至$ 350 / t FOB中国的交易发生,这是该产品组前所未有的水平。

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