Research

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

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June 2018 | Welded steel tube & pipe


China announces major pipeline investment plan: Asia Market Analysis


MBR understands that Korean mills have been offering more competitive prices this month, partially due to the consequences from the quota system imposed as a result of the section 232 investigation carried out by the Trump Administration.

Chinese welded line pipe and substrate prices hold steady
This month, Chinese welded OCTG & line pipe prices have remained stable. Prices for both ERW linepipe API 5L grade B and LSAW API 5L X60 remain unchanged at $900/tonne and $1,000/tonne FOB, respectively. The strong market price is once again due to consistent and ongoing demand coming from several mega projects like Xin-Zhe-Yue, Eastern Route Russia-China pipeline, and Erdos-Anping-Cangzhou. For the HSAW market, MBR is hearing a major API pipe manufacturer in China is producing X65 piling pipes for export at a price of $800/tonne FOB.

Looking to the substrate market for the linepipes, prices for API plate remain strong at $800/tonne FOB while prices for Chinese HRC (SS400, 1250-1500×3.0mm) averaged at $591-600/tonne as of the starting of this month, both remaining unchanged from the previous month. HRC grade API 5L X60-X70 in the domestic Chinese market...

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