In the Iranian seamless pipe market expectations for a recovery of demand have not yet been fulfilled. The prices of domestic production seamless pipes have remained at their levels of three weeks ago. As before, Iranian stockists still do not appear to have any clear price policy. Their quotations for some sizes of seamless pipes have dropped by $190/mt, while their quotations for other sizes have risen by $95/mt. Also over the past three weeks, offers of Chinese seamless pipes have decreased by $30/mt. Ukrainian and Russian seamless pipe suppliers have been unable to raise their quotations because of the strong competition with Chinese materials. Market insiders are expecting that demand will start to strengthen as unfinished energy-related projects are restarted and as work begins on new projects.
Current domestic prices of Iranian production seamless pipes 1"-4" grade B made to API 5L are at $1,050-1,100/mt ex-works, depending on diameter and wall thickness. The prices exclude three percent VAT. Iranian production 1"-4" seamless pipes of grade Х52 made to API 5L are currently offered to the domestic market at on average $1,150-1,250/mt ex-works.
Local stockists' prices for seamless pipes of ½"-3" size from Iranian producers are at about $1,220-1,300/mt ex-warehouse.
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 $700-750/mt C&F Bandar Abbas.
Russian pipes of up to 8" grade B as per ASTM A106/API 5L are being offered to northern Iranian ports at about $800-850/mt C&F Anzali.
Quotations of Ukrainian seamless pipes of 2"-6" size grade B as per ASTM A106/API 5L are at $935-985/mt C&F Bandar Abbas, with quotations of 8"-12" sizes at $1,030-1,050/mt C&F Bandar Abbas.
Iran: stockists' domestic prices for locally produced seamless pipes
($/t, ex-warehouse)
Diameter | Price | Change* |
½" | 1,250 | -190 |
1 ¼" | 1,300 | +45 |
1 ½" | 1,280 | -40 |
2" | 1,220 | -20 |
3" | 1,280 | +95 |
* over the past three weeks