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21 Sep

OCTG P110 flat, may be poised to rise

US OCTG representative product P110 5.5-inch casing is currently priced between $2,000-2,200/short ton, unchanged from recent weeks, Kallanish reports. “We are starting to book inventory for the fourth quarter. Pricing is erratic,” says a market participant. For the week ended 15 September, the number of active rigs increased in both the US and Canada. The market source predicts additional growth in drilling activity now that West Texas Intermedi…
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