Weak activity in Turkish seamless pipe market

Friday, 26 June 2015 14:47:02 (GMT+3)   |  
       

The import seamless pipe market in Turkey has been very quiet over the past month influenced by Ramadan and continuing political uncertainty in the country. Quotations of Chinese seamless pipe offers have decreased by a maximum of $10/mt over the past month, while import offers of seamless pipes from Russia have lost $20/mt. Over the same period, Romanian pipes have moved down by $20-30/mt. Pipe traders do not expect any surge in demand in the country in the coming period due to the seasonal lull and Ramadan and are abstaining from big purchases.
 
Chinese suppliers are offering seamless pipes of 2"-12" grade B made to ASTM A106/API 5L to the Turkish market in the price range of $570-650/mt CFR, while offers of seamless pipes of 1"-1 ½" grade B made to API 5L PSL2 are at the level of $860/mt CFR.

Russian producer ChTPZ Group is offering 12"-18" seamless hot-formed pipes of grade B made to ASTM at about $900-940/mt CFR Turkey, while 2"-6 pipes are quoted at $780-800/mt CFR.

Czech producers' offers for 2"-6" seamless pipes of grade B as per ASTM A106 are being given to the Turkish market at about $1,100-1,120/mt CFR.
 
Import offers of seamless pipes from Romania, 3"-10" of grade B made to API 5L PSL1, are being given to the Turkish market at around $1,040-1,050/mt CPT.
 
Import offers of 8"-10" Sch40 seamless pipes of grade B as per API 5L from France and Germany are coming to the Turkish market at $1,250-1,300/mt CPT on theoretical weight basis.


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