Research

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

Change font size:   

June 2018 | Seamless Steel Tube & Pipe


Further Iraqi tenders for OCTG expected: Middle East and North Africa Market Analysis


Despite the quiet market activity pricing continues to hold firm, 7” OCTG casing at the grade J/K55 is around $1,020/tonne cfr (Chinese origin), with L80 casing in the range of $1,050-2,000/tonne cfr Jebel Ali.

OCTG and linepipe prices firm up...
The spot market is still extremely quiet in the Middle East for OCTG and Linepipe this month. While Ramadan/Eid has now finished, with the height of summer hitting the region along with the surging temperatures many employees based in NOCs/Traders etc. from Europe, CIS etc. working have left the region for summer holidays slowing down activity.

Nonetheless, despite the quiet market activity pricing continues to hold firm, 7” OCTG casing at the grade J/K55 is around $1,020/tonne cfr (Chinese origin), with L80 casing in the range of $1,050-2,000/tonne cfr Jebel Ali. There is a shortage of tubing available to the Middle East market, and this is relfective of pricing, with J/K55 tubing now at around $1,100/tonne and L80 tubing at $1,250/tonne cfr Jebel Ali.

...despite quite spot market conditions

The...

ACCESS RESTRICTED

You must be a paid subscriber to view the full content.
Content over 60 days old can only be accessed by subscribers.
Call +44(0)20 7779 8000 with your credit card details or subscribe online.


SUBSCRIBE


Receive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts. Plus download the latest issue as soon as it’s published.

Subscribe


Already subscribed?