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07 Dec

US P110 prices stagnate amidst low year-end demand

Pricing for US OCTG representative product P110 5.5-inch casing is flat this week within a range of $2,000-2,100/st, Kallanish understands. Demand remains low, according to market participants. “It’s a quiet week. We are still selling through our inventory, so we have no need for any Q1 deliveries. It seems like pricing will head upward, but I have not seen any firm quotes to verify,” says a Texas-based OCTG sales professional. The US added th…
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