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API 5L X52 carbon steel price is expected to fall during the weekend
Posted:2021-01-29 16:42:34
With the 15 rounds of coke price increase, coke price is temporarily stable, scrap and iron ore price is slightly down, but still at a relatively high level. The Platts 62% iron ore index fell 9.35 US dollars to 156.2 US dollars / thousand tons, which is still at a high level of 168.66 US dollars / thousand tons per month. The port iron ore price fell 10-35 yuan / ton, weakening the support for the API 5L X52 carbon steel price, but there is little room for a big drop.
With the approach of the Spring Festival holiday, the downstream construction sites will be shut down, the API 5L X52 carbon steel demand will further decline, the transaction will be weak, the terminal purchase volume will be small, the market will be relatively light, some businesses will leave the market early, and the fluctuation of API 5L X52 carbon steel price will be further narrowed. API 5L X52 carbon steel price is expected to fall in the weekend.
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