China’s OCTG prices inch up amid rising domestic market

摘要

Chinese seamless oil country tubular goods (OCTG) export prices inched up slightly in June amid rising domestic market and higher feedstock costs, although overseas demand for drilling is yet to recover from the oil price slump. S&P Global Platts assessed R3-length API J/K 55 casing -- with buttress-thread coupling in sizes of 177.8x8.05 mm (7 inch, 23 lb/ft) -- from Chinese mills and finishing lines at $735/mt FOB Tianjin port on June 30, up $5/mt month on month.