Research

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

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August 2019 | Seamless Steel Tube & Pipe


Kuwait eyes the offshore drilling market: Middle East and North Africa Market Analysis


Most seamless linepipe traders and stockholders in the region have paused trading due to the religious holiday, while import offers have softened.

Seamless OCTG import prices fall...
With the height of the summer combined with the Eid al-Adha festival taking place, market activity has been quiet for seamless OCTG and linepipe this month in the MENA region. The prices for API grades of OCTG imported into the UAE have moved down over the past month. Prices for seamless OCTG have declined to the level of $850-900/tonne cfr for J/K55 7” OD casing, a fall of around $10-35/tonne month-on-month, while offers of L80 grade OCTG with btc connection are at about $900-950/tonne cfr, down also by around $30-55/tonne month-on-month.

...as do linepipe

Most seamless linepipe traders and stockholders in the region have paused trading due to the religious holiday, while import offers have softened. Offers for API 5L b seamless linepipe from Tier 1 Chinese linepipe suppliers are at around $710-770/tonne CFR, $10-20/tonne lower than one month...

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