The Spanish seamless pipe market is characterized by poor consumption and consequent sluggish demand. Spanish domestic seamless pipe prices and most import offers have remained unchanged over the past month against the background of the seasonal slowdown in the market. Spanish traders have mostly chosen to follow a wait-and-watch policy, expecting a softening of seamless pipe offers in the current quiet market situation.
Current Spanish domestic prices for 2"-4" hot-formed seamless pipes, grade B made to ASTM A106, are at around €940-970/mt ($1,169-1,207/mt) ex-works.
Current export prices of Spanish seamless pipes, 2"-4" grade B according to ASTM A106, are varying at around €980-1,000/mt ($1,219-1,244/mt) FOB.
Prices for Chinese seamless pipes, 2"-6" grade B made to ASTM A106/API 5L, are at about €595-630/mt ($740-784/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 €800-840/mt ($995-1,045/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 €1,000-1,050/mt ($1,244-1,306/mt) CPT.
€1 = $1.244