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

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October 2019 | Welded steel tube & pipe

Potential clad pipe demand seen in Australia: Asia Market Analysis

After the official announcement of the planned China National Oil and Gas Pipeline Company, the new entity is expected to be formally listed soon.

Chinese LSAW prices stable this month
This month, prices for welded OCTG and linepipe from China are looking stable. In particular, Fastmarkest MB research understands that prices of ERW linepipe of grade API 5L B are around $730/tonne FOB while prices of LSAW linepipe of grade API 5L X60 are around $850/tonne, up by $10/tonne from last month. Prices for spiral pipes of grade API X70 are around $820-840/tonne fob. Market prices are stable due to fewer offers being made during the Chinese national holiday this month and the subsequent production activities. We understand that the general market sentiment among traders in recent weeks has been looking more optimistic, which helps drive prices up a little. At the same time, linepipe demand coming from domestic China is stable from continuous projects, and a slight price gain in the substrate market is helping stabilize the linepipe price.


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