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Brazil's tube imports see lowest level in six months - 9 May 2012

Imports of tubes and pipes in Brazil reached their lowest level since last November, dropping by 18.6% month-on-month in April to 15,679 tonnes, which is 25.2% below the same period last year at 20,962 t.

Statistics compiled by the national foreign trade ministry MDIC show that shipments of foreign seamless tubes to Brazil dropped 15.8% last month to 9,058 t, from 10,768 t in March. Meanwhile imports of welded tubes totaled 6,621 t in April, down 22% from 8,505 t the prior month.

Local importers told Platts SBB that import offer prices have increased about 20% in the past two months, noting that seamless pipe for oil and gas applications currently costs around US$1,150/t fob, versus US$980/t fob a few months ago.

"Prices may go higher and imports may reduce if the US dollar appreciation remains firm," one source said.

Brazil's tubes and pipes imports

Source: MDIC | In tonnes

 

Volume

April

15,679

March

19,273

February

35,869

January

24,894

December 2011

28,608

November 2011

35,869

 

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