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China API 5L X60 carbon steel prices may consolidate tomorrow

On August 17, the Chinese steel market rose slightly, API 5L X60 carbon steel price also increased. Today's futures trend fluctuated upwards, and some API 5L X60 carbon steel merchants' early quotations rose slightly, but most regions maintained stability and waited and sees and focused on shipments.

In terms of API 5L X60 carbon steel transactions, today's national market transactions are average, low-priced resources have slightly decreased, and some specifications have slightly increased prices. It is understood that some markets have arrived normally recently and the overall API 5L X60 carbon steel inventory has begun to increase, but the overall inventory pressure of traders is still not great; secondly, the ex-factory prices of steel mills are firm, and API 5L X60 carbon steel agents are low in willingness to sell at low price under the support of high costs.

On the whole, demand has not improved overall, but ordering costs are high and API 5L X60 carbon steel inventory pressure is controllable. It is expected that the domestic API 5L X60 carbon steel prices may consolidate tomorrow.