Welded pipe demand has started to improve gradually in Saudi Arabia as consuming activity picks up with the approach of spring. Nevertheless, Saudi buyers are still somewhat cautious about concluding purchases. While Saudi welded pipe producers have kept their prices unchanged over the past month, demand for welded pipes for government projects may help to push up welded pipe prices in Saudi Arabia in the coming period.
Welded pipes with 6"-10" diameter made of grade B steel to ASTM A53 /API 5L from quality producers (approved by Saudi Aramco) are offered in the domestic market at $930-950/mt ex-works on theoretical weight basis, while commercial quality 2"-8" welded pipes made of grade A steel to ASTM A53 are quoted to local buyers at $850-880/mt delivered.
Export quotations of welded pipes of grade B as per ASTM A53 from Saudi Arabian commercial producers are at $875-910/mt FOB, while export offers of quality pipes are at $980-1,000/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 $670-700/mt CFR, compared to $680-720/mt CFR one month ago.