Demand is getting weaker in the Iranian market for seamless pipes due to tight liquidity ahead of the Iranian New Year and low performances by consuming segments. Domestic prices for Iranian seamless pipes have remained unchanged over the past month amid stagnant buying activity. In the given period, import offers of Chinese, Ukrainian and Russian material have decreased by $10-30/mt. Market players believe significant changes in the market are unlikely in the coming short-term period due to soft demand and the Iranian New Year holiday.
Current domestic prices for Iranian seamless pipes, 2"-4" grade B made to API 5L, have remained in the range of $900-950/mt ex-works.
Stockists' quotations of Iranian 1"-3" seamless pipes, grade B made to API 5L, are in the range of $1,020-1,050/mt.
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 $580-610/mt CFR Bandar Abbas.
Quotations of Ukrainian seamless pipes of 2"-6" size, grade B as per ASTM A106, are in a range of around $930-950/mt CFR.
Russian pipes of 2"-6", grade B as per ASTM A106 or GOST, are being offered to northern Iranian ports at $980-1,000/mt CFR.Diameter |
Price ($/mt) |
Change ($/mt) * |
1 1/4" |
1,020 |
-15 |
1" |
1,035 |
|
2" |
1,045 |
-15 |
3" |
1,050 |
-15 |
* over a period of three weeks