According to market sources, Chinese offers to the United Arab Emirates (UAE) for 4"-12" grade B seamless pipes, which ranged at $500-510/mt CFR during the past three weeks, have decreased by $30/mt week on week to $470-480/mt CFR, due to the downtrend of prices in Chinese domestic market.
Meanwhile, ex-South Korea offers to the UAE for 8"-24" water and gas ERW pipes have remained unchanged in the same period at $560-635/mt CFR, while Japanese offers to the UAE for 2"-16" seamless pipes of grade B have also remained stable during the past two weeks at $1,050-1,200/mt CFR.