Research

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

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September 2017 | Seamless Steel Tube & Pipe


ADNOC set to drill 500 wells per year for next 4-5 years: Middle East and North Africa Market Analysis


Seamless linepipe offers from China into the Middle East have increased not quite so rapidly with MBR understanding they are up by around $10/tonne over the past month with API 5LB offered at around $710-720/tonne cfr Jebel Ali.

Spot prices of OCTG casing and tubing continue to surge
Offers for OCTG in the spot market, continue to surge into the region on the back of the rapid escalation in the Chinese steel market (see Asian section). MBR believes that J/K55 casing offers at a 7” OD with a BTC connection are now in the range of $850-890/tonne cfr, up $40-60/tonne month on month. L80 grades of casing with a BTC connection are now in the range of $930-960/tonne cfr similarly up $40-50/tonne month on month, tubing offers are considerably higher. Larger OD’s of casing such as 13 3/8 are now well over $900/tonne even for J/K 55 grades, with MBR hearing of prices in the range of $920-960/tonne cfr.

Seamless linepipe offers from China into the Middle East have increased not quite so rapidly with MBR...

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