Lack of optimism in Iranian seamless pipe market amid tight liquidity and low investment

Friday, 07 August 2015 14:13:01 (GMT+3)   |  
Seamless pipe demand in Iran has remained weak amid the seasonal slowdown in the market. However, local producers' domestic offers of Iranian seamless pipes have remained stable over the past month, while Iranian traders have increased their offers by $10-35/mt over the same period amid low inventory levels. Ukrainian suppliers have reduced their offer prices by $40-50/mt in the same period. Import prices of Chinese seamless pipes have remained at their levels of four weeks ago. Meanwhile, the number of transactions in the market has been very low, while traders remain cautious and sentiment as regards the future market is not optimistic given the lack of liquidity and low investments.

Current domestic prices for Iranian seamless pipes, 2"-4" grade B made to API 5L, are in the range of $850-880/mt ex-works.

Stockists' quotations of Iranian 1"-3" seamless pipes, grade B made to API 5L, are in the range of $845-890/mt ex-warehouse, compared to $835-855/mt ex-warehouse one month ago.

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 $570-600/mt CFR Bandar Abbas on theoretical weight basis.

Quotations of Ukrainian seamless pipes of 2"-6" size, grade B as per ASTM A106, are in a range of around $800-830/mt CFR.

Diameter

Price ($/mt)

Change ($/mt) *

1 1/2"

850

0

1"

885

+30

2 1/2"

890

+55

3"

845

+5

* over a period of four weeks


Similar articles

Activity remains stagnant in Iranian steel pipe market

11 Sep | Tube and Pipe

Iranian welded pipe market remains quiet

22 Jul | Tube and Pipe

Seamless pipe demand still on low side in Iran

09 Jul | Tube and Pipe

Buyers mostly remain on sidelines of local Iranian welded pipe market

22 May | Tube and Pipe

Iranian seamless pipe market sees weak demand from consuming industries

19 Feb | Tube and Pipe

No sign of demand recovery in local Iranian welded pipe market

19 Feb | Tube and Pipe

No sign of demand recovery in Iranian welded pipe market

30 Jan | Tube and Pipe

Unfavorable factors predominate in local Iranian seamless pipe market

17 Nov | Tube and Pipe

Lack of optimism in Iranian welded pipe market

31 Oct | Tube and Pipe

Stagnant demand and weak sentiment in Iranian seamless pipe market

17 Oct | Tube and Pipe

Marketplace Offers

ERW Longitudinal Black Pipe
External Diamater:  21.3 - 323.9 mm
Wall Thickness:  2 - 12.5 mm
S195T / P235JRH
ARKON ÇELİK SAN. VE TİC. LTD. ŞTİ.
ERW Longitudinal Black Pipe
External Diamater:  21.3 - 323.9 mm
Wall Thickness:  2 - 12.5 mm
S195T / P235JRH
ARKON ÇELİK SAN. VE TİC. LTD. ŞTİ.
ERW Longitudinal OCTG Line Pipe
External Diamater:  21.3 - 323.9 mm
Wall Thickness:  2 - 12.5 mm
Gr B / X42
ARKON ÇELİK SAN. VE TİC. LTD. ŞTİ.