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Will API 5L X70 PSL1 carbon steel plate prices be consolidated
Yesterday, the price of API 5L X70 PSL1 carbon steel plate etc. medium and heavy plates was relatively strong in China. The average price of API 5L X70 PSL1 carbon steel plate and so on plates was 1.71 usd / ton higher than last Friday's average price.
Today, the trend of futures fluctuated upward, the agent's mentality was cautious and optimistic, and the early quotation for API 5L X70 PSL1 carbon steel plate and so on plates was slightly higher. In terms of transaction, the overall transaction of the national market was OK today, but some cities were still affected by the rain weather, and the shipment volume was slightly limited.
According to market feedback, due to the impact of flood season in some areas, it is difficult to unload goods at the wharf, resulting in less than expected storage resources for API 5L X70 PSL1 carbon steel plate and so on plates in the market, and increase some transportation costs, which will support the price in the short term.
On the whole, the pressure of arrival still exists in the late market concentration, and the demand performance is difficult to sustain large volume. It is expected that the Chinese API 5L X70 PSL1 carbon steel plate etc. medium and heavy plate prices will be consolidated tomorrow.