Research

Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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June 2016 | Seamless Steel Tube & Pipe


Has the bottom been reached in the energy tubular downturn?: Americas Market Analysis


Prices for seamless API 5CT J/K55 tonnage at distributors is around $980/tonne.

Seamless OCTG prices stable to start June but gather support...
After both ERW and seamless OCTG producers attempted to raise prices over the past two months on rising costs, seamless OCTG pricing is largely holding steady. While this may be a failure to realize increases, the end to the slide is, at least, a welcome alternative after about 18 months of price weakness. Indeed, with oil prices reaching their highest levels of 2016, the slide in rig counts in the USA has ended for now, putting an end to the demand decline at least, and reviving some hope that this is the bottom of the market and a recovery will follow.

Prices for seamless API 5CT J/K55 tonnage at distributors is around $980/tonne. MBR has also heard that linepipe prices, both ERW and seamless are displaying some modest buoyancy that has not been witnessed in the OCTG market. This is...

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