Seamless pipe buying on slow side in Spain

The Spanish seamless pipe market has witnessed a slightly downward trend over the past month due to the unfavourable sales performance. Domestic and export quotations of Spanish seamless pipes have declined by a maximum of €20/mt ($41-42/mt) over the past month affected by soft demand from local and overseas buyers. At the same time, import offers of seamless pipes from China have decreased by a maximum of €5/mt ($16/mt) over the same period. Import quotations of seamless pipes from Ukraine have moved up by a maximum of €10/mt ($1/mt) over the period under review, while offers of Italian materials have decreased by €20-30/mt ($44-58/mt). Most market players are maintaining a wait-and-see stance towards the future market and prices are unlikely to change significantly in the near term.
 
Current Spanish domestic prices for 2"-4" hot-formed seamless pipes, grade B made to ASTM A106, are at around €920-950/mt ($1,251-1,292/mt) ex-works.
 
Current export prices of Spanish seamless pipes, 2"-4" grade B according to ASTM A106, are varying at around €950-980/mt ($1,292-1,333/mt) FOB.
 
Prices for Chinese seamless pipes, 2"-6" grade B made to ASTM A106/API 5L, are at about €615-650/mt ($836-884/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 €780-800/mt ($1,061-1,088/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 €1,100-1,130/mt ($1,496-1,537/mt) CPT.
 
€1 = $1.36