OCTG prices dip in October: Pipe Logix

Oct 31, 2013 | 02:29 PM | Thorsten Schier

Tags  Pipe Logix, oil country tubular goods, OCTG prices, Kurt Minnich, seamless tubing, J55 tubing, N80 Tubing, Thorsten Schier

NEW YORK — Distributor selling prices for oil country tubular goods (OCTG) dipped in October as market sentiment turned negative, according to the latest data from Pipe Logix LLC.

"The diffusion index of market sentiment dropped from 55 in September to 39 in October, a contracting market. Lower order volumes and higher inventories, coupled with lower price expectations, more than offset an expected decline in import volumes," Pipe Logix manager Kurt Minnich....





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