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API 5L X60 PSL1 market price may rise and fall in May

Posted:2021-05-06 15:15:23

In May, the price of China API 5L X60 PSL1 spot market continued to rise sharply and kept innovating high, but it still failed to reach the historical high of 2008. At present, the starting rate of medium and heavy plate production line is 96.88%. There is a rolling line maintenance plan in East China in May.

In terms of volume, API 5L X60 PSL1 market demand in April showed a good overall performance, with daily average volume not changing from March level. The total inventory of steel plants and the market continues to decrease. At present, the market's demand for April and May is generally good. Considering the level of funding and downstream acceptance, API 5L X60 PSL1 market prices may rise and fall in May.