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

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April 2017 | Seamless Steel Tube & Pipe


Saudi Aramco premium tender issued: Middle East and North Africa Market Analysis


In the contract market in the Middle East, the premium tender that we were expecting from Saudi Aramco has, we understand, been issued.

In the spot market this month, MBR believes that there has been a modest increase in OCTG prices arriving from China month-on-month, up by around $5-10/tonne from last month. This would place seamless J/K55 casing at around $795/tonne cfr. Price rises surged in the region last month, so holding these prices is an achievement. China is benefited by the fact that it faces no major competition in the region even at these prices. The next most competitive markets, the Ukraine, MBR understands that the same grade of casing is being offered into the Middle East at $920-940/tonne cfr. This is up by as much as $60/tonne month-on-month.

...but the price rises are more pronounced from non-Chinese mills...

Seamless linepipe prices have also increased into the Middle East. Offers for seamless linepipe from China to the Middle East have also gone up by as much as...

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