The seamless pipe market in Iran has remained depressed in the past month amid low transaction activity due to Ramadan and the ongoing negotiations concerning Iran's nuclear program. Domestic prices for Iranian seamless pipes have not been revised over the past month. In the given period, import offers of Ukrainian material have decreased by $10-20/mt, while prices of Chinese pipes have declined by $5-15/mt. The demand level for seamless pipes in Iran is expected to be weak in the near term due to the seasonal lack of demand and the approaching holidays.
Current domestic prices for Iranian seamless pipes, 2"-4" grade B made to API 5L, are in the range of $850-880/mt ex-works.
Stockists' quotations of Iranian 1"-3" seamless pipes, grade B made to API 5L, are in the range of $835-855/mt ex-warehouse, compared to $795-850/mt ex-warehouse one month ago.
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 $575-600/mt CFR Bandar Abbas on theoretical weight basis.
Quotations of Ukrainian seamless pipes of 2"-6" size, grade B as per ASTM A106, are in a range of around $850-870/mt CFR.
Diameter | Price ($/mt) | Change ($/mt) * |
1 1/4" | 850 | +55 |
1" | 855 | +30 |
2" | 835 | +5 |
3" | 840 | -10 |
* over a period of four weeks