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Both domestic and import line pipe prices sank in August, Kallanish learns from analyst and data collector Pipe Logix.
Average US line pipe pricing fell by -2.8% from July to $1,613/short ton, inclusive of both domestic and import pipe.
Domestic prices fell by -2.1% to $1,773/st, while import prices fell by -3.7%. Pipe Logix notes that August marked the 13th consecutive month of price declines, with pricing down -20% overall from the most recent high.
“Reported import volumes are -5% lower compared to a year ago while domestic shipments are higher.,” Pipe Logix says. “The [US] rig count is higher compared to a year ago but it is down -14% from the peak last December. The ratio of line pipe shipments per rig is 247 st/rig, near its five-year average.”
Source:Kallanish www.kallanish.com
