Weak buying activity is still observed in the seamless
pipe market in
Spain. However, local seamless
pipe suppliers have been resisting reductions in their prices and have left their domestic and export offers mostly unchanged over the past month. At the same time, import offers of seamless pipes from
China have decreased by €10-20/mt ($5-19/mt) over the same period. Import quotations of seamless pipes from
Ukraine have moved down by a maximum of €10/mt ($4/mt) over the period under review, while offers of Italian materials have remained stable. Most market players expect the seamless
pipe market in
Spain to be stable in the coming period as the current weak demand is unable to provide support for any significant price increase.
Current Spanish domestic prices for 2"-4" hot-formed seamless pipes, grade B made to ASTM A106, are at around €900-970/mt ($1,244-1,341/mt) ex-works.
Current export prices of Spanish seamless pipes, 2"-4" grade B according to ASTM A106, are varying at around €930-1,000/mt ($1,285-1,382/mt) FOB, while 8"-10" pipes are offered at around €1,050-1,080/mt ($1,451-1,493/mt) FOB.
Prices for Chinese seamless pipes, 2"-6" grade B made to ASTM A106/API 5L, are at about €650-700/mt ($898-967/mt) CFR
Spain, exclusive of antidumping duties (in the range of 17.7-39.2 percent depending on the producer).
Offers of Ukrainian seamless pipes, 2"-6" grade B according to API 5L, are being given to
Spain at €750-760/mt ($1,037-1,050/mt) CPT. Prices are shown exclusive of 13.8 percent antidumping duty.
Quotations of Italian seamless pipes, 8"-10" grade B made to ASTM A106, to
Spain are at €1,130-1,160/mt ($1,562-1,603/mt) CPT.
€1 = $1.38