Consumer activity remains high in the Saudi Arabian market for seamless pipes on the back of numerous construction projects. However, import seamless pipe offers from China and Japan have decreased by a maximum of $20/mt over the past month amid efforts to spur buying activity. At the same time, domestic prices of locally produced seamless pipes have remained unchanged, considering healthy demand in the domestic market. Import quotations of Ukrainian material have gone up by $50/mt over the past month, while offers of seamless pipes from Russia and South Africa have stayed at previous levels. Demand for seamless pipes is expected to stay firm in Saudi Arabia in the near future.
Market traders report that local manufacturer Jubail Energy Services Company (JESCO) is offering 6"-16" seamless pipes of grade B made to API 5L, PSL2 to the domestic market at around $1,150-1,175/mt ex-works.
Most offers of Chinese seamless pipes of 2"-6" grade B made to ASTM are being given to the Saudi Arabian market at $850-900/mt CFR, while quotations of seamless pipes from larger Chinese mills are at $950-1,000/mt CFR.
Quotations of Ukrainian seamless pipes (Interpipe) of 2"-6" grade B made to ASTM A106/API 5L are at $1,100-1,150/mt CFR. Russian seamless pipes (Volzhsky PP) of 2"-8" grade B as per ASTM are being offered to the Saudi market at $1,100-1,150/mt CFR.
South African seamless pipes (ArcelorMittal), 2"-6" grade B made to ASTM, are quoted at around $1,100-1,150/mt CFR Saudi Arabia.
Quotations from Japan (Sumitomo) for seamless pipes of 2"-6" grade B made to ASTM are at about $1,400-1,450/mt CFR.