The Saudi Arabian seamless pipe market is quiet because of the usual slump in buying activity in the winter and the weak global trend. Chinese suppliers have decreased their seamless pipe prices for Saudi Arabia by a maximum of $10/mt over the past month. Ukrainian suppliers have cut their seamless pipe offers for Saudi Arabia by $20/mt over the period under review, while quotations of South African seamless pipes have declined by $20-50/mt. Seamless pipe offers from top-tier Japanese producer NSSMC have decreased by $20-30/mt over the past month. However, the general sentiment for the seamless pipe market in Saudi Arabia is optimistic enough because of the large potential of the market.
Most offers of Chinese seamless pipes of 2"-6" grade B made to ASTM are being given to the Saudi Arabian market at $620-640/mt CFR.
Quotations of Ukrainian seamless pipes (Interpipe) of 2"-6" grade B made to ASTM A106/API 5L to Saudi Arabia are at $940-980/mt CFR, while 8"-10" pipes are offered at around $960-1,000/mt CFR.
South African seamless pipes (ArcelorMittal), 2"-6" grade B made to ASTM A106, are quoted at around $980-1,030/mt CFR Saudi Arabia.
Quotations from Japan (NSSMC) for seamless pipes of 2"-6" grade B made to ASTM A106/API 5L are at about $1,280-1,320/mt CFR Saudi Arabia.