In the Spanish market, demand for seamless pipes from domestic buyers remains extremely low and does not allow suppliers to increase prices. Domestic prices for Spanish seamless pipes have stayed unchanged over the past month, while export offers have declined by a maximum of €10/mt ($9/mt). Import offers of Chinese and Ukrainian seamless pipes have moved down by €20-25/mt ($21-27/mt) over the past month. Prices for Italian material have decreased by a maximum of €10/mt ($10/mt) during the given period. Both domestic and foreign buyers remain cautious about purchases amid the uncertain economic situation in the region and the downward global trends.
Current Spanish domestic prices for 2"-4" hot-formed seamless pipes, grade B made to ASTM A106, are at around €940-960/mt ($1,064-1,087/mt) ex-works.
Current export prices of Spanish seamless pipes, 2"-4" grade B according to ASTM A106, are varying at around €970-1,000/mt ($1,098-1,132/mt) FOB.
Prices for Chinese seamless pipes, 2"-6" grade B made to ASTM A106/API 5L, are at about €620-665/mt ($702-753/mt) CFR Spain, exclusive of antidumping duties (in the range of 17.7-39.2 percent depending on the producer).
Offers of Ukrainian seamless pipes, 2"-6" grade B according to API 5L, are being given to Spain at €825-850/mt ($934-962/mt) CPT. Prices are shown exclusive of 13.8 percent antidumping duty.
Quotations of Italian seamless pipes, 2"-6" grade B made to ASTM A106, to Spain are at €1,020-1,040/mt ($1,154-1,177/mt) CPT.
€1 = $1.13