Demand is still extremely sluggish in the Spanish seamless
pipe market as the market has settled into the quiet pre-Christmas period. Spanish domestic and export seamless
pipe prices have remained mostly unchanged over the past month. In the import segment, offer prices of Chinese and Ukrainian seamless pipes have moved up by €5-10/mt during the past month due to the weakening of the euro against the US dollar. At the same time, suppliers of Italian material have not revised their quotations amid scarce trading. Market participants expect to see better demand when the holidays conclude.
Current Spanish domestic prices for 2"-4" hot-formed seamless pipes, grade B made to ASTM A106, are at around €940-960/mt ($1,148-1,172/mt) ex-works.
Current export prices of Spanish seamless pipes, 2"-4" grade B according to ASTM A106, are varying at around €980-1,000/mt ($1,197-1,221/mt) FOB.
Prices for Chinese seamless pipes, 2"-6" grade B made to ASTM A106/API 5L, are at about €600-640/mt ($733-781/mt) CFR
Spain, exclusive of antidumping duties (in the range of 17.7-39.2 percent depending on the producer).
Offers of Ukrainian seamless pipes, 2"-6" grade B according to API 5L, are being given to
Spain at €810-830/mt ($990-1,015/mt) CPT. Prices are shown exclusive of 13.8 percent antidumping duty.
Quotations of Italian seamless pipes, 2"-6" grade B made to ASTM A106, to
Spain are at €1,000-1,050/mt ($1,221-1,282/mt) CPT.
€1 = $1.22