As with last week, spot market prices for US domestic J55 ERW OCTG casing and API X-52 line pipe are still varying widely from seller to seller.
Replacement costs for line pipe are still being heard at or above $42.50 cwt. ($937/mt or $850/nt) ex-mill, although as in previous weeks, some service centers have reported selling stock to customers at or below $40.00 cwt. ($882/mt or $800/nt).
In terms of domestic J55 ERW casing, most OCTG buyers are still reporting they’re seeing ex-mill prices at or above $45 cwt. ($992/mt or $900/nt), although service enter pricing is “often being heard at well below replacement cost.”