Reasons for optimism in Saudi welded pipe market

Thursday, 15 May 2014 10:17:49 (GMT+3)   |  
       

There have not been any significant changes in the Saudi Arabian welded pipe market over the past month. Stable demand for welded pipes from domestic consumers has allowed local quality producers to keep their prices at unchanged levels, while commercial pipe producers have decreased their offers by a maximum of $10/mt over the past month. Market players are very optimistic regarding the prospects for the market. Market players foresee that welded pipe prices in Saudi Arabia may stay firm or even rise slightly  in the coming period amid expected higher feedstock costs, firm demand and strong welded pipe consumption in the country.
 
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 $850-870/mt delivered.
 
Export quotations of welded pipes of grade B as per ASTM A53 from Saudi Arabian commercial producers are at $870-895/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 $650-680/mt CFR, unchanged compared to the level of one month ago.

Similar articles

US structural pipe and tube exports down 7.3 percent in September

28 Nov | Steel News

GCC to announce definitive safeguard measures against certain steel imports

10 May | Steel News

Turkish welded pipe producers’ export prices remain stable

07 Aug | Tube and Pipe

Local Turkish welded pipe prices remain stable

02 Aug | Tube and Pipe

Local Chinese steel pipe prices indicate slight fluctuations

01 Aug | Tube and Pipe

Turkish welded pipe producers' export prices remain stable

31 Jul | Tube and Pipe

Chinese steel pipe export offer prices move sideways

31 Jul | Tube and Pipe

Local Chinese steel pipe prices mostly remain stable

25 Jul | Tube and Pipe

Local Turkish welded pipe offers remain stable

12 Jul | Tube and Pipe

Local Chinese steel pipe prices soften slightly or move sideways

11 Jul | Tube and Pipe