Although movers and shakers within
US energy pipe markets continue to keep a close watch on the nail-biting oil price fluctuations, for now at least the market remains unchanged.
The most commonly reported spot prices for
US unfinished J55 ERW OCTG casing continue to remain lateral, in the approximate range of $59.00-$61.00 cwt. ($1,300-$1344/mt or $1,180-$1,220/nt) ex-Midwest mill, while futures offer prices from Korean producers for unfinished J55 ERW OCTG casing continues to hold at approximately $980-$1,000 cwt. ($49.00-$50.00 cwt. ($1,080-$1,102/mt or $980-$1,000/nt) DDP loaded truck in
US Gulf coast ports. Taiwanese offers are also unchanged since our last report a week ago, still at $46.00-$47.00 cwt. ($1,014-$1,036/mt or $920-$940/nt, DDP loaded truck in
US Gulf coast ports.
“Everything is pretty quiet this week,” according to one Texas-based source. “Half the
US took the first part of the week off and those who are in the office seem to just be wrapping things up before Thanksgiving weekend.”