(by Kurt Minnich, www.pipe-logix.com) Line pipe prices are slightly higher in December. There is no net change in domestic prices but a 0.5% increase to import prices. Domestic prices have been mostly steady since August while import prices have trended higher, up 4% since August. Distributor’s sentiment became more positive this month with the NASPD Index at 58, suggesting a modestly expanding market. Most distributors expect prices to increase in the near-term with little change to inventory. Reported import volumes were over 250,000 tons in October but the final trade numbers are expected to be significantly lower in November. The Baker Hughes rig count is averaging 930 active rigs this month, a 2% gain from the previous month and ending a four-month trend of lower rig counts.
Pipe Logix Line Pipe Report – DECEMBER 2017
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com