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US's ERW pipe demand continues to drop-The 17th China(Guangzhou) International Tube&Pipe Expo
4/8/2016 Tube&Pipe exhibition |
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According to Baker Hughes reported, oil rig continued to reduce in last week. At present, oil rig was 362pcs after reduced by 10pcs last week and dropped by 15pcs in two weeks ago.
And gas rig drop to 88pcs, reducing 4pcs in one week early. United States oil exploration drop by 56.2% year on year, gas exploration down by 60.4%. Weekly average spot prices for crude oil decreased by 20.1% and gas spot prices dropped by 30.2%.
US oil pipe of J55 ERW has faced heavy pressure for domestic and import market. The offered from South Korea and Taiwan were at US$606-650/ton DDP.
-The 17th China(Guangzhou)
International Tube&Pipe Expo
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