Spot market prices for US energy pipe still soft

Thursday, 16 July 2020 01:17:03 (GMT+3)   |   San Diego
       

As with last week, spot market prices for stock API-X52 line pipe are believed to be trending in the range of $41.50-$42.50 cwt. ($915-$937/mt or $830-$850/nt), ex-mill, however, order activity remains “terrible” and “the true price depends on how badly the seller needs cash flow.” Mexican material continues to be heard at approximately $44.00-$45.00 cwt. ($970-$992/mt or $880-$900/nt), FOB Texas, although prices are flexible.

Also as with last week, stock domestic J55 ERW OCTG casing is still being sold in the range of $43.00- $45.00 cwt. ($948-$992/mt or $860-$900/nt), ex-mill, whereas Korean material is also being offered at approximately $44.00-$45.00 cwt. ($970-$992/mt or $880-$900/nt), DDP loaded truck in US Gulf ports. Inquiries are few and far between, sources note, adding that order activity is “extremely light.”

 


Most Recent Related Articles

US import API X-52 line pipe prices from Korea and Mexico

US domestic API X-52 line pipe prices

US import API X-52 line pipe prices from Korea and Mexico

US HSS prices hold stable week-over-week

US import API X-52 line pipe prices from Korea and Mexico