US line pipe prices fall again in December

US line pipe prices dropped again in December, Kallanish learns from analyst Pipe Logix. 

Average US line pipe prices fell by -0.4% to $1,546/short ton from November to December - down 23% since prices first began to slip 17 months ago, Pipe Logix notes. 

Domestic prices fell -0.1% on-month to $1,717/st, while import prices fell -0.7% to $1,375/st. 

“Sentiment has improved but continues to indicate a slightly negative market environment,” Pipe Logix says. “Reported shipment volumes have trended lower since July and are dramatically lower compared to a year ago even though the cumulative trailing twelve month total is 6% higher than the prior period. The rig count continues to soften, down -25% from the peak a year ago."