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

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October 2019 | Seamless Steel Tube & Pipe


Bahrain OCTG demand rises: Middle East and North Africa Market Analysis


Seamless linepipe import prices into the UAE from Chinese suppliers have remained stable this month on continuing limited demand.

Spot market prices fall for OCTG...The prices for API grades of OCTG imported into the UAE moved down by $20-30/tonne over the past month with demand in the sport market remaining quiet. Prices for seamless OCTG have declined to the around $850-880/tonne cfr for J/K55 7” casing, while offers of L80 grade casing with a btc connection are around $900-930/tonne cfr....but seamless linepipe prices are stable for nowSeamless linepipe import prices into the UAE from Chinese suppliers have remained stable this month on continuing limited demand. Offers for API 5L b seamless linepipe from Tier 1 Chinese linepipe suppliers are at around $720-770/tonne cfr, while offers from tier 2 mills are coming to the market at $650-680/tonne. Seamless linepipe to grade API 5L B offers are currently being made from Ukraine at anywhere from $910-960/tonne cfr into MENA region, down $90/tonne over the past month, though deals are concluded at...

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