Seamless pipe demand is still slack in the UAE, and most seamless pipe suppliers have left their prices unchanged over the past month. In particular, offers for Chinese, Ukrainian, South African and Argentinian seamless pipes have remained almost unchanged. Quotations of Romanian seamless pipes have increased by around $40/mt due to higher export prices. At the same time, offers for Italian pipes have moved down by $15-20/mt, while prices of seamless pipes from Japan and Germany have also decreased by a maximum of $50/mt mainly due to currency fluctuations. Meanwhile, market players hope for seasonal demand revival in the coming period amid implementation of a number of investment projects in the region. However, buyers in the UAE will hardly accept higher seamless pipe prices, having high low-priced stocks.
Offers of Chinese seamless pipes of 2"-8" grade B made to ASTM/API are being given to the local UAE market at $900-950/mt CFR.
Quotations of Ukrainian (Interpipe) seamless pipes, 2"-12" grade B made to ASTM/API, are at $1,150-1,200/mt CFR.
Seamless pipes from Romania (ArcelorMittal) of 3"-10" grade B made to ASTM are quoted at about $1,420-1,430/mt CFR Dubai, while offers of 12"-14" pipes are being given at $1,450-1,490/mt CFR.
South African (ArcelorMittal) seamless pipes, 2"-6" grade B made to ASTM/API, are being quoted to the UAE in the range of $1,350-1,400/mt CFR.
Offers of seamless pipes from Argentina, 12"-14" grade B made to ASTM/API from Tenaris, are being given to the UAE at $1,830-1,870/mt CFR.
Offers of seamless pipes from Italy, 3" Sch 40 and 10" Sch 40 grade B made to ASTM from Tenaris Dalmine, are being given to the UAE at $1,745-1,810/mt CFR, while 6" Sch 40 seamless pipes are being quoted to the UAE at about $1,950-1,960/mt CFR.
Quotations of seamless pipes from France and Germany (V&M) and from Japan (Sumitomo) for 2"-6" grade B made to ASTM/API are at about $1,700-1,800/mt CFR.