(by Kurt Minnich, www.pipe-logix.com) Line pipe prices jumped again in April with the Pipe Logix Price Index up 7.6% to $3,656/ton. Prices for many seamless products increased by 10% or more. This marks 19 consecutive months of price gains and a cumulative increase of 172%. Distributor’s sentiment held steady in April with the NASPD Index at 75. All components of this index were positive except expected import volumes. Reported supply for February was 90,500 tons, which is on par with the trailing average, however the estimated March supply is expected to have jumped to 126,000 tons. Drilling activity continued to creep higher, up 4% in April while the DUC well count continued to decrease. Oil price averaged $100/bbl in April and natural gas averaged $6.4/mmbtu. The details are in the report.
Pipe Logix Line Pipe Report – April 2022
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com