(by Kurt Minnich, www.pipe-logix.com) Line pipe prices are 10.4% higher in August with domestic prices up 11.9% and import prices up 8.4%. This marks 11 months of consecutive price increases with prices having nearly doubled during that time frame. Distributor’s sentiment remains extremely bullish. The NASPD Index score is 80 for August and includes high scores for the Price Outlook and difficulties in fulfilling orders. Total US shipments in July are expected to have been 69,000 tons, down 21% compared to the previous month and down the same percentage compared to July 2020. Drilling activity is up 4% in August to 501 active rigs, with oil price averaging $67/bbl and natural gas price at $4/mmbtu. HRC prices are up 3-fold from a year ago while the DUC well count is down one-third to levels previously experienced in late 2017. The details are in the report.
Pipe Logix Line Pipe Report – August 2021
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