(by Kurt Minnich, www.pipe-logix.com) Line pipe prices jumped 8.5% in January with strong gains in ERW prices. Domestic ERW prices were up 15.9% and import ERW prices up 14.8%. Seamless prices increased 4% in January. It was the fourth consecutive month of price increases in the Pipe Logix Index for a cumulative gain of 17%. The gains for ERW are attributed to the surging prices for hot rolled coil, which have increased 80% in 4 months. Distributor sentiment increased in January with the NASPD Index up 10 points to 76, a strong indicator for continued market expansion. All components of this sentiment index were positive except imports. Reported import volumes were at new lows in November at 26,572 tons, but surged to an estimated 86,000 tons in December. With relatively modest gains in the rig count, the ratio of shipments to rigs increased to 300 tons/rig, 20% above the long-term average. The details are in the report.
Pipe Logix Line Pipe Report – January 2021
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com