According to market sources, Chinese offers to the export markets for 0.5"-12" grade B longitudinally welded pipes as per ASTM A53 or API 5L are at $400/mt FOB on theoretical weight basis, for March shipment.
Meanwhile, Chinese offers to the Middle East for 2"-12" grade B seamless pipes as per ASTM A106, ASTM A53, API 5L, GOST or EN 10210 are at $400/mt CFR, for March shipments. Market sources state that Chinese pipe producers are not inclined to issue export offers since it is difficult to decide on a pricing policy amid the rapid uptrend of prices.