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

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February 2017 | Welded steel tube & pipe


Chinese LDP mills increasingly book non-linepipe projects: Asia Market Analysis


China’s official January-February welded pipe production (not only welded linepipe and OCTG) data has not yet been released yet by National Statistics Bureau.

Linepipe prices stable despite rising substrate
The Chinese welded linepipe and OCTG market has remained stable over the past month, although there has been some increase in the API plate and coil prices in China this month. LSAW linepipe to the grade API 5L X60 stands stable at around a price of $815-845/tonne FOB China this week, little changed from a month ago. API plate mills actually raised plate prices by more than $20/tonne over the past month, but pipe mills have been keeping offers stable, reflecting a lack of bookings at the start of the year.

China’s official January-February welded pipe production (not only welded linepipe and OCTG) data has not yet been released yet by National Statistics Bureau. MBR expects that monthly production will fall back to below 5Mt during the period, as construction activities slowed due to the cold weather and Chinese New Year. Aside...

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