Seamless pipe quotations in Spain are still under pressure from falling raw material prices and slow trading in view of the weakness of consuming industries. Domestic and export quotations of Spanish seamless pipes have decreased by €30-50/mt ($39-66/mt) over the past month. Meanwhile, prices offered from China have increased by €20-25/mt ($26-33/mt) over the past month, while quotations of Ukrainian material have declined by €15/mt ($20/mt). At the same time, import prices for Italian seamless pipes have moved down by €50/mt ($66/mt) over the period under review. Market players believe that the downward trend in the Spanish market for seamless pipes may continue amid sluggish demand.
Current Spanish domestic prices for 2"-4" hot-formed seamless pipes, grade B made to ASTM A106, are at around €1,030-1,050/mt ($1,350-1,376/mt) ex-works, while 6"-10" pipes are at €1,120-1,170/mt ($1,468-1,534/mt) ex-works.
Current export prices of Spanish seamless pipes, 2"-4" grade B according to ASTM A106, are varying at around €1,060-1,080/mt ($1,390-1,415/mt) FOB, while 6"-10" seamless pipes are at €1,150-1,200/mt ($1,508-1,573/mt) FOB.
Prices for Chinese seamless pipes, 2"-6" grade B made to ASTM A106/API 5L, are at about €765-850/mt ($1,003-1,114/mt) CFR Spain, exclusive of antidumping duties (in the range of 17.7-39.2 percent depending on the producer).
Offers of November production Ukrainian seamless pipes with 42-168 mm diameter of 10, 20 steel grade made to GOST 8731/8732 are being given to Spain at €865-905/mt ($1,134-1,186/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 €1,180-1,230/mt ($1,547-1,612/mt) CPT.
€1 = $1.31