Freight costs could drive OCTG prices up in 1st half
Nov 29, 2007 | 12:20 PM
| Michael Cowden
After more than a year of small but steady declines, spot prices for oil country tubular goods (OCTG) largely held their ground in November.
But prices could be poised to increase in the first half of next year due to increasing shipping costs, lower import levels and higher Chinese prices, industry observers said. A harsh winter in the northern United States also could drive up prices, they added.
The average spot price for selected OCTG items held at $1,365 a ton, f.o.b. Houston, according to data from Pipe Logix Inc., a Santa Fe, N.M.-based affiliate of Spears & Associates Inc., which tracks prices for distributors selling to end-users. Average prices for electric-resistance welded (ERW) items inched up to $1,300 a ton in November from $1,299 the previous month, although spot prices for selected seamless items slipped to $1,431 a ton from $1,432.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here