The seamless pipe market in Spain has continued to see slow buying activity. However, Spanish seamless pipe suppliers have raised their domestic and export offers by €20-30/mt (down $3-19/mt) over the past month citing higher raw material prices. Chinese suppliers have left their offers unchanged over the period under review, while offers of Ukrainian material have moved up by €30/mt ($38/mt). Most market insiders believe that Spanish market for seamless pipes may show signs of recovery in the coming period as construction investments in the country may rebound moderately, while demand from foreign buyers may improve thanks to global growth gaining some strength.
Current Spanish domestic prices for 2"-4" hot-formed seamless pipes, grade B made to ASTM A106, are at around €950-970/mt ($1,211-1,237/mt) ex-works.
Current export prices of Spanish seamless pipes, 2"-4" grade B according to ASTM A106, are varying at around €980-1,000/mt ($1,249-1,275/mt) FOB.
Prices for Chinese seamless pipes, 2"-6" grade B made to ASTM A106/API 5L, are at about €600-640/mt ($765-816/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 €830-850/mt ($1,058-1,084/mt) CPT. Prices are shown exclusive of 13.8 percent antidumping duty.
Quotations of Italian seamless pipes, 2"-6" grade B made to ASTM A106, to Spain are at €1,000-1,070/mt ($1,275-1,364/mt) CPT.
€1 = $1.27