Iranian seamless pipe market sees weak demand from consuming industries

Thursday, 19 February 2015 16:49:05 (GMT+3)   |  
       

Business activity in the seamless pipe market in Iran has remained sluggish during the past month amid a lack of demand from consuming industries. Domestic prices for Iranian seamless pipes have declined by $20-25/mt over the past month. In the given period, import offers of Chinese, Ukrainian and Russian material have decreased by $10-20/mt. Market players believe that the ongoing tightness of liquidity and low investments at the end of the Iranian year and some uncertainties in the market will restrain seamless pipe demand growth in Iran in the coming short run.

Current domestic prices for Iranian seamless pipes, 2"-4" grade B made to API 5L, have remained in the range of $900-950/mt ex-works.

Stockists' quotations of Iranian 1"-3" seamless pipes, grade B made to API 5L, are in the range of $1,030-1,065/mt.

Import offers of Chinese seamless pipes, 2"-6", grade B made to ASTM A106/API 5L, are being given to the local Iranian market at $580-620/mt CFR Bandar Abbas.

Quotations of Ukrainian seamless pipes of 2"-6" size, grade B as per ASTM A106, are in a range of around $960-980/mt CFR.

Russian pipes of 2"-6", grade B as per ASTM A106 or GOST, are being offered to northern Iranian ports at $1,000-1,020/mt CFR.

Diameter

Price ($/mt)

Change ($/mt) *

1 1/4"

1,035

-125

1"

1,050

-60

2"

1,060

-90

3"

1,065

-145

* over a period of five weeks


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