Research

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

Change font size:   

October 2019 | Seamless Steel Tube & Pipe


Chinese NOC tender volume lower than expected in 2019: Asia Market Analysis


We understand that hot-rolled round billet offered from Liaocheng area have dropped by CNY 140 ($20/tonne) from last month to CNY 3,710/tonne ($524/tonne).

Chinese prices down again this month...This month, the Chinese seamless OCTG and linepipe market continues to see prices slump. The average offerings from tier 1 and 2 mills has dropped again, by around $25-100/tonne. In particular, Fastmarkets MB research understands that this month, prices of seamless OCTG grade J/K 55 are around $840/tonne FOB from tier 1 mills. Offers for J/K55 casing could be as low though as $800/tonne from private mills. Prices of OCTG of grade P110 btc connection are around $960/tonne FOB while the prices for P110 premium connection dropped by $100 to $1,225/tonne FOB. Prices of seamless linepipe dropped again this month with linepipes of grade AIP 5L B being offered at $640/tonne and linepipes of grade X65 being offered at $860-870/tonne FOB....as substrate prices also continue to fallThe substrate market is one of the factors behind the continued price drop. We understand that hot-rolled round billet...

ACCESS RESTRICTED

To read the rest of this analysis please take a free sample or subscribe


FREE Sample


Receive a free sample of  market analysis and price forecasts.

Free Sample

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?