Research

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

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September 2018 | Seamless Steel Tube & Pipe


Rising oil prices stimulate market activity: Middle East and North Africa Market Analysis


While underlying OCTG demand is strong, the route to market for OCTG is changing across the region.

Seamless OCTG and linepipe prices hold
Seamlesss OCTG prices continue to remain stable in the Middle East market this month, as J/K 55 casing imports from China hold at around $1,030/tonne cfr, with L80 casing at ~ $1,090/tonne/cfr. Smaller-diameter OCTG tubing remains harder to come by and as a result higher prices are seen here at ~ $1,150/tonne cfr from China. From the Chinese mills, Middle East buyers are seeing lead times for OCTG tubing at around 5 months with casing shorter at 2-3 months. This is a result of a much tighter capacity for tubing to be made available to the export market in the Middle East.

Seamless linepipe prices have also held firm this month. Linepipe to grade API 5Lb is being offered from China at around $950-1,000/tonne cfr Jebel Ali from Tier 1 mills, although we have heard of some deals...

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