Activity in the welded pipe market in Saudi Arabia has remained slow over the past month, while prices have moved downwards. Domestic and export quotations of locally produced ERW pipes have declined by around $30/mt in view of insufficient domestic demand and import competition, while import offers of Chinese welded pipes have declined by $20-30/mt over the past month. Saudi welded pipe producers will likely try to keep their prices stable given the current lack of clarity regarding the likely flat product price trend.
Quality Saudi Arabian manufacturers, approved by state-owned national oil company Saudi Aramco, are offering 6"-10" welded steel pipes grade B as per API 5L with plain ends at around $900-950/mt ex-works on theoretical weight basis.
Current offers from Saudi Arabian commercial producers for 1"-4" ERW pipes grade A, B as per ASTM A53 are being given to the domestic market at $780-820/mt delivered.
Export quotations from Saudi Arabia of 6"-10" welded steel pipes grade B made to API 5L from quality producers are at $950-1,000/mt FOB, while export offers of 1"-4" ERW pipes from Saudi commercial producers are at $805-850/mt FOB.
Import offers of Chinese welded pipes of 2"-6" grade B made to ASTM A106/API 5L are being given to the local Saudi market at around $520-550/mt CFR, compared to $550-570/mt CFR one month ago.