Purchasing activity in Saudi Arabia's welded pipe market has been slow over the past month as buyers prefer to avoid holding high stocks as the end of the year approaches. Prices in the Saudi welded pipe market have moved on a stable trend over the past month. Market participants do not expect any dramatic changes in welded pipe prices in the near term, while demand from Saudi buyers will likely be at minimal levels because of the seasonal slackness of activity in consuming industries.
Quality Saudi Arabian manufacturers, approved by Saudi Aramco, are offering 6"-10" welded steel pipes grade B as per API 5L with plain ends at around $930-1,000/mt ex-works on theoretical weight basis.
Current offers from Saudi Arabian commercial producers for 1"-4" ERW pipes grade A, B as per ASTM A53 are being given to the domestic market at $810-865/mt delivered on theoretical weight basis.
Export quotations from Saudi Arabia of 8"-10" welded steel pipes grade B made to API 5L from quality producers are at $980-1,050/mt FOB, while export offers of 1"-4" ERW pipes from Saudi commercial producers are at $835-890/mt FOB.
Import offers of Chinese welded pipes, 2"-6" grade B made to ASTM A106/API 5L, are being given to the local Saudi market at around $600-640/mt CFR, unchanged compared to one month ago.