(by Kurt Minnich, www.pipe-logix.com) Line pipe prices jumped 3.6% in January with domestic prices increasing 3% and import prices up 4.5%. All of the items tracked by Pipe Logix are priced higher in January; extraordinarily, 2” domestic seamless prices jumped 13% for the month. Distributor’s sentiment also increased strongly in January with the NASPD Index at 68, indicating an expanding market. The NASPD Index has scored over 50 for 11 of the past 12 months, though the January reading is slightly lower than the reading a year ago. Nearly all the distributors expect prices to increase over the next couple of months. Only 25% of the distributors felt that way in November. Import volumes over the past 12 months have totaled 2.2 million tons, a 67% gain compared to the volumes during the previous period. Shipments per active rig were lower in November and December with the December ratio on par with the lows in 2015 and 2016.
Pipe Logix Line Pipe Report – JANUARY 2018
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com