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

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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 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...


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