As with last week, spot market prices for US domestic J55 ERW OCTG casing and API X-52 line pipe are “all over the map.” Although replacement costs for X52 pipe are being heard at or above $42.50 cwt. ($937/mt or $850/nt) ex-mill, some service centers have reported selling stock to customers for below $40.00 cwt. ($882/mt or $800/nt) ex-mill.
Buyers and sellers of 55 ERW OCTG casing have reported similar price ranges and transactions prices at both the mill and service center level. However, most OCTG buyers have reported seeing pricing closer to, if not above $45 cwt. ($992/mt or $900/nt) ex-mill.