(by Kurt Minnich, www.pipe-logix.com) Line pipe prices decreased by 1.3% in June with domestic prices down 1.8% and import prices down 0.8%. In particular, domestic ERW prices were down 3.1%. This marks the first price decrease in 21 months with a cumulative change of +178% since September 2020. Distributor’s sentiment remains marginally bullish with the NASPD Index at 58 in June, down from a score of 67 the previous month. While most components of the sentiment index held steady, The Price Outlook decreased for the third month in a row and New Orders decreased to a neutral score of 54. Shipment volumes were up 10% in May and have exceeded 100,000 tons for each of the trailing 3 months. Drilling activity continues to increase with the rig count at 738 active rigs in June. Oil prices averaged $115/bbl in June and natural gas averaged $8.7/mmbtu. HRC prices have declined dramatically since Q3 2021 and are currently near pre-2021 levels. The details are in the report.
Pipe Logix Line Pipe Report – June 2022
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com